Kaminsky, Graciela L. - 2020
With a novel database, we examine the evolution of capital flows to the periphery since the collapse of the Bretton … Woods System in the early 1970s. We decompose capital flows into global, regional, and idiosyncratic factors. In contrast to … previous findings, which mostly use data from the 2000s, we find that booms and busts in capital flows are mainly explained by …