On the Empirics of Sudden Stops: The Relevance of Balance-Sheet Effects

723 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

The Optimal Level of International Reserves For Emerging Market Countries: A New Formula and Some Applications (2011, neutral): “By contrast with currency crises, Calvo et al (2004), Frankel and Cavallo (2004) and Jeanne (2007) do not nd that reserves have a statistically signi cant e¤ect of reducing the probability of sudden stop.”
Foreign currency debt, financial crises and economic growth: A long-run view (2010, background): “11 Calvo et al. (2004) and Bordo et al. (2010) find direct empirical evidence for this proposition.”
Overreaction in capital flows to emerging markets: Booms and sudden stops☆ (2012, background): “Including the 9 See Calvo et al. (2004) and Cavallo y Frankel (2004) respectively. assumption (6) in the estimation of equation (3) require to add the average variables only.”
Are Crises Good for Long-Term Growth? The Role of Political Institutions (2010, neutral): “Similarly, Cavallo and Frankel (2007) find only weak correlation between sudden stops and currency crises in their sample.”
The emerging global financial architecture: Tracing and evaluating new patterns of the trilemma configuration (2010, background): “1 reveals that while both industrialized countries and emerging market countries have moved towards deeper financial integration and less monetary independence, non-emerging market developing countries have only moved marginally toward financial integration, and have not changed their level of…”