Series: IMF Working Papers
Author(s): David Hofman , Ruben Atoyan , Dimitri Tzanninis , and Mauro Mecagni
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2007
Keywords: Capital account crises, duration, crises identification, capital outflows, capital flows, current account,
This paper examines the duration of capital account crises. We develop a new index to identify both the start and the end of these crises. Applying the index to a sample of 18 crisis episodes, we derive stylized fa...