Country risk and capital flow reversals

Assaf Razin*, Efraim Sadka

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

7 Scopus citations

Abstract

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.

Original languageEnglish
Pages (from-to)73-77
Number of pages5
JournalEconomics Letters
Volume72
Issue number1
DOIs
StatePublished - Jul 2001

Keywords

  • Capital flow reversals
  • Country risk
  • F3

Fingerprint

Dive into the research topics of 'Country risk and capital flow reversals'. Together they form a unique fingerprint.

Cite this