Capital Flow Bonanzas: An Encompassing View of the Past and Present

By Carmen M. Reinhart, Vincent R. Reinhart. NBER International Seminar on Macroeconomics, 2008

682 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/58d9d28977bfe2314e0f3f6af6d0977f8b0e6682

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Citations in the corpus

Do Surges in International Capital Inflows Influence the Likelihood of Banking Crises?: Cross-Country Evidence on Bonanzas in Capital Inflows and Bonanza-Boom-Bust Cycles (2012, positive): “The unconditional probability of a crisis is also similar in all country groups.27 This non-parametric analysis replicates the results of Reinhart and Reinhart (2009), who also find a greater conditional probability of crises after bonanzas, and the results of Reinhart and Rogoff (2009, Chp. 13),…”
Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence (2015, neutral): “They also appear to play a major role in driving boom-bust cycles (Reinhart and Reinhart 2009).”
The Volatility of Capital Flows in Emerging Markets: Measures and Determinants (2017, background): “For instance, Rigobon and Broner (2005) show that the higher volatility in EMDEs is primarily due to these economies’ propensity to build up mismatches, which generates more persistent shocks and a higher likelihood of international contagion.”
How Resilient and Countercyclical Were Emerging Economies to the Global Financial Crisis? (2012, neutral): “3 For instance, the absence of access to world capital markets during turbulent times has hampered the ability of governments to raise funds and conduct countercyclical fiscal policies (Reinhart and Reinhart, 2008; Broner et al., 2012).”
The Transmission of Financial Stress from Advanced to Emerging Economies (2009, background): “…et al. (2008), Chamon et al. (2007), Demirgüç-Kunt et al. (2006), Edison (2003), Eichengreen and Bordo (2002), Honohan and Laeven (2005), Kaminsky and Reinhart (1999), Laeven and Valencia (2008), Reinhart and Reinhart (2009), Reinhart and Rogoff (2008, 2009), and Rothenberg and Warnock (2006).”
Commodity Booms and Busts in Emerging Economies (2017, positive): “05 following Shousha (2016). The parameter ψ is typically positive but close to zero in the small open economy literature (see e.”
WHAT DRIVES CAPITAL FLOWS TO EMERGING MARKETS? A SURVEY OF THE EMPIRICAL LITERATURE (2018, neutral): “To the extent that non-resident flows do not coincide with net capital flows, the literature on the drivers of capital flows (and this survey) generally focus on non-resident capital flows (although there are notable exceptions, such as Reinhart and Reinhart 2008; and Ghosh et al. 2014a).”