Replication data for: When Do Capital Inflow Surges End in Tears?
Principal Investigator(s): View help for Principal Investigator(s) Atish R. Ghosh; Jonathan D. Ostry; Mahvash S. Qureshi
Version: View help for Version V1
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| P2016_1015_data | 10/12/2019 11:01:AM | ||
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text/plain | 14.6 KB | 10/12/2019 07:01:AM |
Project Citation:
Ghosh, Atish R., Ostry, Jonathan D., and Qureshi, Mahvash S. Replication data for: When Do Capital Inflow Surges End in Tears? Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113438V1
Project Description
Summary:
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We investigate in a sample of 53 emerging markets over 1980-2014 whether countries with open capital accounts are necessarily at the mercy of global events, or are able to take policy actions when receiving inflows to mitigate the impact of a subsequent reversal. Our analysis suggests that, while changes in global conditions have an important bearing on crisis susceptibility, countries that allow the buildup of macroeconomic and financial vulnerabilities during boom times, and which receive mostly debt flows, are significantly more likely to see capital inflow surge episodes end in a financial crisis.
Scope of Project
JEL Classification:
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E32 Business Fluctuations; Cycles
E44 Financial Markets and the Macroeconomy
F21 International Investment; Long-term Capital Movements
F32 Current Account Adjustment; Short-term Capital Movements
G01 Financial Crises
E32 Business Fluctuations; Cycles
E44 Financial Markets and the Macroeconomy
F21 International Investment; Long-term Capital Movements
F32 Current Account Adjustment; Short-term Capital Movements
G01 Financial Crises
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