The persistence of capital account crises / prepared by Mauro Mecagni, Ruben Atoyan, David Hofman.
This study contributes to the literature on capital account crises in two ways. First, our analysis of crisis episodes between 1994 and 2002 establishes a clear relationship between the persistence of crises, their complexity, and the intensity of movement of key macroeconomic variables. Second, we...
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