The Duration of Capital Account Crises—An Empirical Analysis

The Duration of Capital Account Crises—An Empirical Analysis
This paper examines the duration of capital account crises. We develop a new index to identify both the start and the end of these crises. Applying the index to a sample of 18 crisis episodes, we derive stylized facts on crisis duration and review the economic and financial circumstances that prevailed at the dusk of crises, a relatively... READ MORE...

Publication date: November 2007
ISBN 9781451868210
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