The Great Retrenchment: International Capital Flows During the Global Financial Crisis

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The shifting drivers of global liquidity (2020, neutral): “Portes and Rey (2005) show that information frictions and technology matter for the relative stability of gross flows.”
Financial Globalisation and the Crisis (2012, neutral): “In relation to the behaviour of capital flows during the crisis, Milesi-Ferretti and Tille (2011) document a “great retrenchment” during the crisis (see also Fig.”
Financial Crises and the Composition of Cross-Border Lending (2014, positive): “…BIS total loan claims in the run-up to the global financial crisis for both AE and EME borrowers, followed by a reduction in exposures to AE borrowers during the crisis that is consistent with the deleveraging process described in Cerutti and Claessens (2013) and Milesi-Ferretti and Tille (2011).”
Determinants of Global Spillovers from US Monetary Policy (2015, background): “In contrast, Miniane and Rogers (2007) find that the extent of capital controls does not have a significant impact on the response of domestic interest rates to changes in US interest rates.”