| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11096 |
| DP11096 Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015 | |
| Vincent Reinhart; Carmen Reinhart; Christoph Trebesch | |
| 发表日期 | 2016-02-07 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Capital flow and commodity cycles have long been connected with economic crises. Sparse historical data, however, has made it difficult to connect their timing. We date turning points in global capital flows and commodity prices across two centuries and provide estimates from alternative data sources. We then document a strong overlap between the ebb and flow of financial capital, the commodity price super-cycle, and sovereign defaults since 1815. The results have implications for today, as many emerging markets are facing a double bust in capital inflows and commodity prices, making them vulnerable to crises. |
| 主题 | Economic History ; International Macroeconomics and Finance ; Monetary Economics and Fluctuations |
| 关键词 | Capital flows Commodity prices Financial crises Sudden stops |
| URL | https://cepr.org/publications/dp11096 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539924 |
| 推荐引用方式 GB/T 7714 | Vincent Reinhart,Carmen Reinhart,Christoph Trebesch. DP11096 Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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