Sudden Stops and Phoenix Miracles in Emerging Markets

By Guillermo A. Calvo, Alejandro Izquierdo, Ernesto Talvi. 2006

252 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/86cb9b6d20890d7e039fa0b67869ca86a6a68ab1

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Citations in the corpus

Barriers and public policies affecting the international expansion of Latin American SMEs: Evidence from Brazil, Colombia, and Peru (2016, background): “The boom and bust shifts that characterise emerging economies, which have been shown to be heavily in ﬂ uenced by weak institutional settings (Chan, Isobe, & Makino, 2008), represent an important obstacle for the development of Latin American ﬁ rms (Calvo et al., 2006; Milesi et al., 2007).”
Foreign currency debt, financial crises and economic growth: A long-run view (2010, result): “Our results suggest that crises leave economies at lower levels of output in each and every year after a crises, but Calvo et al. (2006) argued that economies suffering sudden stops and crises recovered quickly making phoenix comebacks.”
Rethinking the Effects of Financial Globalization (2016, unknown): “They have been analyzed empirically by Milesi-Ferretti and Razin (2000), Calvo and Reinhart (2000), and Calvo, Izquierdo, and Talvi (2006) and theoretically by Calvo (1998), Caballero and Krishnamurty (2001), Choi and Cook (2004), Gopinath (2004), Martin and Rey (2006), and Mendoza (2010) among…”
Determinants of Sovereign Risk: Macroeconomic Fundamentals and the Pricing of Sovereign Debt (2010, unknown): “(1993) and many related papers (e.g. Calvo and Mendoza, 2000; Calvo, 2002; Calvo and Talvi, 2004; Calvo et al., 2006; González-Rozada and Levy Yeyati, 2008) are also likely to be at work.”
A Fisherian approach to financial crises: Lessons from the Sudden Stops literature (2020, unknown): “Moreover, SS events are preceded by growing current-account deficits and followed by surpluses of about 0.7 percent of GDP that persist two years later.”
The Financial Cycle and Macroeconomics: What Have We Learnt? (2014, unknown): “In fact, export-driven creditless recoveries have typically been the way out of financial crises (eg, Calvo et al (2006), Tang and Upper (2010)).”