Sudden stops and currency drops : a historical look / [prepared by] Luis A.V. Catão.

This paper shows that recent manifestations of sudden stops (SSs) in international capital flows have striking parallels in the early financial globalization era preceding World War I. All main capital-importing countries then faced episodic capital flow reversals averaging some 5 percent of GDP and...

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Bibliographic Details

Online Access:	Full Text (via ProQuest)
Main Author:	Catão, Luis (Author)
Corporate Author:	International Monetary Fund. Research Department
Format:	eBook
Language:	English
Published:	[Washington, D.C.] : International Monetary Fund, ©2006.
Series:	IMF working paper ; WP/06/133.
Subjects:	Recessions. Financial crises > History. Business cycles > History. Business cycles. Financial crises. History.