Surges During Sudden Stops : Substitution Effect between Sectoral Capital Inflows in Extreme Episodes
We empirically examine the correlation between extreme episodes of sectoral capital inflows, using a sample of 50 advanced and emerging economies from 2000Q1 to 2021Q4. We document that a sudden stop in one financial sector is often accompanied by a surge in another sector, especially in countries with well-developed financial market
Year of publication: |
2023
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Authors: | Yang, Zheng ; You, Yu |
Publisher: |
[S.l.] : SSRN |
Subject: | Kapitalimport | Capital imports | Kapitalmobilität | Capital mobility | Finanzkrise | Financial crisis | Schwellenländer | Emerging economies |
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