The next sudden stop

Sebnem Kalemli-Ozcan, 7 January 2014



The ominous facts are well known – the strongest predictors of financial crises are domestic credit booms and external debts (Reinhart and Rogoff 2011). In emerging markets, credit booms are generally preceded by large capital inflows (Reinhart and Reinhart 2010).

Topics: Financial markets, International finance
Tags: capital flows, emerging markets, global financial crisis, liability dollarisation, sudden stops, tapering, Turkey

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