Citation
A. Razin et E. Sadka, Country risk and capital flow reversals, ECON LETT, 72(1), 2001, pp. 73-77
Citations number
3
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765
→ ACNP
Volume
72
Issue
1
Year of publication
2001
Pages
73 - 77
Database
ISI
SICI code
0165-1765(200107)72:1<73:CRACFR>2.0.ZU;2-3
Abstract
A financial crisis with a capital flow reversal occurs when a country shift
s abruptly from a 'good' equilibrium with a low country-specific risk premi
um to a 'bad' equilibrium with a high country-specific risk premium and no
foreign credit. (C) 2001 Elsevier Science B.V. All rights reserved.