Series: IMF Working Papers
Author(s): Roberto Piazza
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2010
Keywords: growth rate, capital inflows, gdp growth, capital stock, economic growth, International Lending and Debt Problems, One, Two, and Multisector Growth Models, Growth
In emerging economies periods of rapid growth and large capital inflows can be followed by sudden stops and financial crises. I show that, in the presence of financial markets imperfections, a simple modification o...