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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w14249 |
来源ID | Working Paper 14249 |
Crises and Sudden Stops: Evidence from International Bond and Syndicated-Loan Markets | |
Graciela L. Kaminsky | |
发表日期 | 2008-08-15 |
出版年 | 2008 |
语种 | 英语 |
摘要 | The crises in Mexico, Thailand, and Russia in the 1990s spread quite rapidly to countries as far apart as South Africa and Pakistan. In the aftermath of these crises, many emerging economies lost access to international capital markets. Using data on international primary issuance, this paper studies the determinants of contagion and sudden stops following those crises. The results indicate that contagion and sudden stops tend to occur in economies with financial fragility and current account problems. They also show that high integration in international capital markets exposes countries to sudden stops even in the absence of domestic vulnerabilities. |
主题 | International Economics ; International Finance |
URL | https://www.nber.org/papers/w14249 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571923 |
推荐引用方式 GB/T 7714 | Graciela L. Kaminsky. Crises and Sudden Stops: Evidence from International Bond and Syndicated-Loan Markets. 2008. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w14249.pdf(123KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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