## Abstract In this paper, we provide capital flow forecasts to 32 developing countries using a vector error correction framework based on underlying domestic (pull) fundamentals and international (push) factors. In general, pull factors have a heavier weight in determining these capital flows. How
โฆ LIBER โฆ
Surges and Sudden Stops of Capital Flows to Emerging Markets
โ Scribed by Ozan Sula
- Publisher
- Springer US
- Year
- 2008
- Tongue
- English
- Weight
- 272 KB
- Volume
- 21
- Category
- Article
- ISSN
- 0923-7992
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Until ยฎnancial crisis struck the ยฎve Asian economies 1 in mid-1997, private capital ยฏow to emerging market economies had gone on rising in a monotonic manner. Concurrently three major regional currency crises took place during this period, namely, the European crisis of 1992ยฑ93, 2 the Latin American