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 language | English |
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Pages (from-to) | 73-77 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 72 |
Issue number | 1 |
DOIs | |
State | Published - Jul 2001 |
Keywords
- Capital flow reversals
- Country risk
- F3