Financial Openness, Sudden Stops and Current Account Reversals

By Sebastian Edwards. 2004

264 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/19e956525a7b14ccae6805cb60bcf165bbb03d1b

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Citations in the corpus

Do Workers' Remittances Reduce the Probability of Current Account Reversals? (2005, methodology): “…theoretical analysis on the economic impact of remittances on the Turning to the literature on current account reversals, the main papers are by Edwards (2004a, 2004b) and Milesi-Ferretti and Razin (1998, 2000; henceforth MFR) who examine the country-specific factors affecting the probability…”
Does Valuation Model Choice Affect Target Price Accuracy? (2010, unknown): “(32)See Edwards (2004) for an application of this treatment effects framework.”
A Fisherian approach to financial crises: Lessons from the Sudden Stops literature (2020, unknown): “…and Calvo et al. (2006), which motivated several authors to conduct further studies, resulting in a large empirical literature that includes many well-known contributions (e.g., Edwards, 2004; Rothenberg and Warnock, 2006; Forbes and Warnock, 2012; Calvo et al., 2013; Eichengreen et al., 2017).”
Determinants of Global Spillovers from US Monetary Policy (2015, background): “…rates could help economies to mitigate external shocks (see Broda, 2001; Edwards and Levy Yeyati, 2005), for example by reducing the likelihood of current account reversals in response to a tightening of US monetary policy and by mitigating their impact once they occur (see Edwards, 2004, 2007a).”
Trade Openness Reduces Growth Volatility when Countries are well Diversified (2010, unknown): “(2006) and Edwards (2004). The treatment effects model allows to jointly estimate an outcome equation of growth volatility on controls—including an interaction term between openness and a dummy distinguishing diversified and non-diversified economies—and a Probit equation that controls for the (obse”
Are Crises Good for Long-Term Growth? The Role of Political Institutions (2010, unknown): “A popular kind of external crisis is based on the concept of “current account reversal” (MilesiFerreti and Razin, 1998 and 2000; Edwards, 2004a and 2004b), which is typically defined as a reduction in the current account deficit of a certain percentage of GDP in one year.”
The Great Retrenchment: International Capital Flows During the Global Financial Crisis (2011, unknown): “Edwards (2004) finds that sudden stops are more likely for countries with large current account deficits, a credit boom, or low foreign reserves.”
SOVEREIGNS, UPSTREAM CAPITAL FLOWS, AND GLOBAL IMBALANCES: Sovereigns, Upstream Capital Flows, and Global Imbalances (2014, unknown): “…literature on this topic; see Obstfeld (1986, 1995), Calvo, Leiderman, and Reinhart (1996), Obstfeld and Rogoff (2000), Obstfeld and Taylor (2004), Edwards (2004), Reinhart and Rogoff (2004), Prasad, Rajan, and Subramanian (2006), Henry (2007), Lane and Milesi-Ferretti (2001, 2007), Alfaro,…”
Financial Globalization and Economic Policies (2009, unknown): “18 See Claessens, Demirguc-Kunt, and Huizinga (2001), Levine (2001), Claessens and Laeven (2004), Clarke, Cull, Martinez Peria, and Sanchez (2003), Goldberg (2008) and Schmukler (2004).”
Thresholds in the Process of International Financial Integration (2009, background): “Trade integration puts an economy in a better position to continue servicing its debt and export its way out of a recession (Edwards, 2004).”