Series: IMF Working Papers
Author(s): Luis Catão
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2006
Keywords: international capital flows, gold standard, exchange rate, foreign capital, capital inflows, capital inflow, foreign capital inflow, Financial Markets and the Macroeconomy, International Lending and Debt Problems,
This paper shows that recent manifestations of sudden stops (SSs) in international capital flows have striking parallels in the early financial globalization era preceding World War I. All main capital-importing co...