Introduction: Macroeconomic implications of capital flows in a global economy

Ravi Bansal; Lawrence Christiano; Enrique G. Mendoza

doi:10.1016/j.jet.2004.07.002

Introduction: Macroeconomic implications of capital flows in a global economy

Ravi Bansal^*, Lawrence Christiano, Enrique G. Mendoza

^*Corresponding author for this work

Economics

Research output: Contribution to journal › Editorial › peer-review

1 Scopus citations

Abstract

The papers in this volume address issues raised by the wave of financial crises that hit emerging markets since the mid 1990s. Several of the papers examine the role that different credit market frictions may have played in triggering the crises, or in determining the effects of policies aimed at containing them. Other papers ask more general questions about the implications of international financial integration for business cycles, risk sharing, and sovereign lending.

Original language	English (US)
Pages (from-to)	1-5
Number of pages	5
Journal	Journal of Economic Theory
Volume	119
Issue number	1 SPEC. ISS.
DOIs	https://doi.org/10.1016/j.jet.2004.07.002
State	Published - Nov 2004

Keywords

Capital flows
Diversification
Financial crisis
Financial integration
Government guarantee
Sticky price
Sudden stop
Sunspot

ASJC Scopus subject areas

Economics and Econometrics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.jet.2004.07.002

Cite this

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title = "Introduction: Macroeconomic implications of capital flows in a global economy",

abstract = "The papers in this volume address issues raised by the wave of financial crises that hit emerging markets since the mid 1990s. Several of the papers examine the role that different credit market frictions may have played in triggering the crises, or in determining the effects of policies aimed at containing them. Other papers ask more general questions about the implications of international financial integration for business cycles, risk sharing, and sovereign lending.",

keywords = "Capital flows, Diversification, Financial crisis, Financial integration, Government guarantee, Sticky price, Sudden stop, Sunspot",

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AB - The papers in this volume address issues raised by the wave of financial crises that hit emerging markets since the mid 1990s. Several of the papers examine the role that different credit market frictions may have played in triggering the crises, or in determining the effects of policies aimed at containing them. Other papers ask more general questions about the implications of international financial integration for business cycles, risk sharing, and sovereign lending.

KW - Capital flows

KW - Diversification

KW - Financial crisis

KW - Financial integration

KW - Government guarantee

KW - Sticky price

KW - Sudden stop

KW - Sunspot

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Introduction: Macroeconomic implications of capital flows in a global economy

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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