Private Capital Flows in the 1970 s and 1990 s : Is there any evidence of Contagion ?

@inproceedings{Hernandez2000PrivateCF,
  title={Private Capital Flows in the 1970 s and 1990 s : Is there any evidence of Contagion ?},
  author={L. Hernandez and Pamela Mellado and Rodrigo O. Vald{\'e}s},
  year={2000}
}
The wave of private capital flows toward developing countries in the early 1990s resembles to a great extent the earlier episode of the late 1970s. Despite some important differences in inflow composition, both episodes were characterized by a high concentration of flows in a relatively small number of countries, mainly in Latin America and East Asia. Also, both episodes ended in a major financial crisis which tended to be regional, the first one –the debt crisis– in Latin America and the most… CONTINUE READING

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