This paper analyzes waves in international capital flows. We develop a new methodology for
identifying episodes of extreme capital flow movements using data that differentiates activity …

This paper analyzes the behavior of international capital flows by foreign and domestic
agents, dubbed gross capital flows, over the business cycle and during financial crises. We …

There is a debate on whether some forms of financial flows offer better protection against
crises than others. Using a large panel data set that includes advanced, emerging, and …

We extend the sudden stops literature by recognizing that crisis episodes can be caused by
the retreat of global investors, as is commonly assumed but not shown in the extant …

This paper applies the overreaction hypothesis of De Bont and Thaler [De Bont, W., Thaler,
R., 1985. Does stock market overreact? Journal of Finance 40 (3), 793–805], developed for …

Our main goal is to characterize the determinants of sudden stops caused by domestic vis-à-
vis foreign residents. Are the decisions of domestic investors to invest abroad or of foreign …

Forbes and Warnock (2012) identify episodes of extreme capital flow movements—surges,
stops, flight, and retrenchment—and find that global factors, especially global risk, are …

The financial crises of the second half of the 1990s have led to renewed interest in the
causes and consequences of international capital flows. Sudden stops, defined as large …

Capital inflows to emerging economies have a significant exogenous component, they are
very large when scaled to the size of the domestic financial sectors of recipients and they …

This paper closes a gap in the relevant literature by investigating the role of a country's
competitiveness on international capital mobility using robust panel multiple regressions …