Published:
Cambridge, Mass: National Bureau of Economic Research, March 2001
Published in:NBER working paper series ; no. w8171
Extent:
1 Online-Ressource
Language:
English
DOI:
10.3386/w8171
Identifier:
Reproduction note:
Hardcopy version available to institutional subscribers
Origination:
Footnote:
Mode of access: World Wide Web
System requirements: Adobe [Acrobat] Reader required for PDF files
Description:
A financial crisis with a capital flow reversal occurs when a country shifts abruptly from a 'good' equilibrium with a low country-specific risk premium to a 'bad' equilibrium with a high country-specific risk premium and no foreign credit