View metadata

dc.titleTrade, Gravity and Sudden Stops: On How Commercial Trade Can Increase the Stability of Capital Flows
dc.contributor.authorCavallo, Eduardo A.
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageThe Caribbean
dc.coverageCentral America
dc.coverageSouth America
dc.date.available2011-02-07T00:00:00
dc.date.issue2006-12-07T00:00:00
dc.description.abstractFinancial stability is an important policy objective, since crises are associated with large economic, social and political costs. This paper contributes to the discussion by providing new theoretical and empirical evidence on the causal connection between lack of exposure to commercial trade and proclivity to sudden stops. On the theoretical front, the paper shows how exposure to trade raises the creditworthiness of countries and reduces the probability of sudden stops.
dc.identifier.doihttp://dx.doi.org/10.18235/0010969
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Trade-Gravity-and-Sudden-Stops-On-How-Commercial-Trade-Can-Increase-the-Stability-of-Capital-Flows.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Sector
dc.subject.keywordsWP-588
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
Return to Publication