View metadata
| dc.title | The Dog That Didn't Bite: Sudden Stops in Emerging and Developing Countries During COVID-19 |
| dc.contributor.author | Cavallo, Eduardo A. |
| dc.contributor.author | Hernández, Juan |
| dc.contributor.author | González Jaramillo, María José |
| dc.contributor.author | Powell, Andrew |
| dc.contributor.orgunit | Department of Research and Chief Economist |
| dc.coverage | Latin America and the Caribbean |
| dc.date.available | 2023-10-04T00:10:00 |
| dc.date.issue | 2023-10-04T00:10:00 |
| dc.description.abstract | Despite an initial reversal of capital inflows, the COVID-19 pandemic resulted in relatively mild impacts on net capital flows to Emerging and Developing Economies. In contrast to previous crises, gross capital inflows offset residents' outflows, resulting in relatively stable net capital flows and modest current account adjustments. Liquid international markets, access to official resources, and sound fundamentals allowed for capital inflows, thus preventing the additional costs of widespread Sudden Stops during the pandemic. Still, we show a relatively simple model predicted Sudden Stops in net flows reasonably well in countries with weaker fundamentals. |
| dc.format.extent | 47 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0005177 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/The-Dog-That-Didnt-Bite-Sudden-Stops-in-Emerging-and-Developing-Countries-During-COVID-19.pdf |
| dc.language.iso | en |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Sudden Stop |
| dc.subject | Coronavirus |
| dc.subject | Capital Flow |
| dc.subject | Economy |
| dc.subject | Capital Inflow |
| dc.subject | Emerging Market |
| dc.subject | Pandemics |
| dc.subject | Repatriation |
| dc.subject | Standard Deviation |
| dc.subject.jelcode | F30 - International Finance: General |
| dc.subject.jelcode | F32 - Current Account Adjustment • Short-Term Capital Movements |
| dc.subject.jelcode | F40 - Macroeconomic Aspects of International Trade and Finance: General |
| dc.subject.keywords | Sudden stops;Capital flows;balance of payments;Capital Account;COVID-19;Emerging and Developing Economies |
| dc.type | Working Papers |
| idb.identifier.pubnumber | IDB-WP-01495 |
| idb.operation | RG-K1089 |