Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/173900 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
IDB Working Paper Series No. IDB-WP-851
Verlag: 
Inter-American Development Bank (IDB), Washington, DC
Zusammenfassung: 
Sudden Stops in net capital flows can be prevented when the actions of domestic investors offset a reduction in foreign lending. This paper presents evidence that while sudden stops in gross inflows-i.e., a tightening of the external borrowing constraint-are associated with global conditions and therefore, are largely outside of the control of local policymakers, domestic factors such as low levels of liability dollarization, exchange rate flexibility, inflation targeting regimes, and a solid institutional background are important to prevent these episodes from becoming sudden stops in net capital flows. Under these favorable local conditions, domestic investors may perceive reduced risk in bringing in resources at the time of an external shock, thus insulating the country from this shock.
Schlagwörter: 
Gross capital flows
Sudden stops
Retrenchments
Domestic versus foreign investors
JEL: 
F30
F32
F40
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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