Managing Sudden Stops

The recent reversal of capital flows to emerging markets has pointed up the continuing relevance of the sudden stop problem. This paper analyzes the sudden stops in capital flows to emerging markets since 1991. It shows that the frequency and durat...

Full description

Bibliographic Details
Main Authors:	Eichengreen, Barry, Gupta, Poonam
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	CURRENCY MISMATCHES MONETARY POLICY DEFICIT DEPOSIT FOREIGN CAPITAL TRADE CREDIT CHECKS ACCOUNTING MONEY SUPPLIES INTERNATIONAL CAPITAL PUBLIC DEBTS EQUITY FLOWS STOCK FISCAL DEFICITS FOREIGN EXCHANGE MARKET INTEREST TRADE CREDITS MONEY SUPPLY EMERGING ECONOMIES FLEXIBLE EXCHANGE RATES INTEREST RATE OPTION EXCHANGE LIQUIDITY INTERNATIONAL FINANCIAL MARKETS CORPORATE SECURITIES PORTFOLIO BANK INTEREST RATES FISCAL POLICY BONDS MARKET INSTRUMENTS CURRENCY MISMATCH TAX DUMMY VARIABLE RESERVE CENTRAL BANKS INFLATION INTERNATIONAL BANK INSTRUMENTS FINANCIAL FRAGILITY BANK LENDING BUDGET CENTRAL BANK POLICY RESPONSE EQUITY CAPITAL FISCAL POLICIES TRADE BALANCE GLOBAL ECONOMY CURRENCY EXCHANGE RATE MOVEMENTS POLICY RESPONSES PORTFOLIO CAPITAL DEBTS EXCHANGE RATES CAPITAL ACCOUNT TRANSACTIONS OPTIONS INTEREST RATES MONETARY FUND FLEXIBLE EXCHANGE RATE CAPITAL OUTFLOWS FINANCIAL INSTITUTIONS MARKETS DEBT CAPITAL MARKET RETURN DEFICITS BUDGET DEFICIT BUDGET DEFICITS INTERNATIONAL ECONOMICS SHORT-TERM CAPITAL LOANS RESERVES BANK CREDIT FINANCIAL SYSTEM FINANCE FOREIGN CURRENCY INTERNATIONAL FINANCIAL INSTITUTIONS TAXES BANKING SECTOR EXPENDITURE TRANSACTIONS EMERGING MARKETS EQUITY INVESTORS FEDERAL RESERVE FOREIGN EXCHANGE RESERVES BOND MARKETS PRIVATE SECTOR BANK RATES OF INFLATION INTERNATIONAL INVESTMENT FINANCIAL CRISIS INTERNATIONAL CAPITAL MARKET CAPITAL MOVEMENTS BUDGETS DOMESTIC BANKING BANK BALANCE SHEETS CAPITAL FLOWS CURRENT ACCOUNT DEFICIT SHARES BALANCE SHEET REAL EXCHANGE RATE MARKET LOCAL CURRENCY FOREIGN EXCHANGE MONETARY POLICIES SECURITIES PUBLIC DEBT CAPITAL INFLOW INFLATION RATES INSURANCE CURRENCIES GOVERNMENT DEBT CURRENCY DEPRECIATION FINANCIAL LIBERALIZATION GOODS SECURITY INVESTMENT BOND DOMESTIC CREDIT SHARE BALANCE SHEETS FINANCIAL MARKETS POLITICAL STABILITY BID CAPITAL INFLOWS REVENUE MONEY MARKET MONEY MARKET INSTRUMENTS LENDING CONSUMER PRICE INDEX CREDIT GROWTH CAPITAL FLOW EXCHANGE RATE INSTRUMENT RISK AVERSION PORTFOLIO FLOWS LIABILITIES OPEN ECONOMIES INTERNATIONAL INVESTORS FOREIGN EQUITY CAPITAL ACCOUNT FINANCIAL OPENNESS CREDIT LINES GUARANTEE DEVELOPMENT BANK POLITICAL RISK
Online Access:	http://documents.worldbank.org/curated/en/2016/04/26219966/managing-sudden-stops http://hdl.handle.net/10986/24213

Internet

http://documents.worldbank.org/curated/en/2016/04/26219966/managing-sudden-stops
http://hdl.handle.net/10986/24213

Managing Sudden Stops

Internet

Similar Items