May 2003
Author(s): Calvo, Guillermo A.; Izquierdo, Alejandro; Talvi, Ernesto
This paper offers an alternative explanation for t he fall of Argentina's Convertibility Program based on the country's vulnerability to Sudden Stops in capital flows. Sudden Stops are…
Nov 1994
Author(s): Calvo, Guillermo A.; Leiderman, Leonardo; Reinhart, Carmen M.
This paper discusses the changing pattern of capital flows to developing countries. The analysis is heavily colored by recent events. It concentrates on the principal facts, developments, and…