@misc{12010,
title = {Varieties of Capital-Market Crises},
author = {Calvo, Guillermo A.},
year = {2010},
doi = {10.18235/0011612},
abstract = {In this post-modern world of high capital mobility, countries are being disciplined by the anonymous capital market. One view of the situation -perhaps the prevalent view among economists- is that Wall Street gets into your hair because you are running an unsustainable economic program and crises are bound to happen. A polar view is that countries are at the mercy of the capital market. This paper attempts to bring these views under one roof, putting special emphasis on balance-of-payment crises.},
url = {https://doi.org/10.18235/0011612}
}