“These findings on capital flow bonanzas are also consistent with other identified empirical regularities surrounding credit cycles. Mendoza and Terrones, who examine credit cycles in both advanced and emerging market economies using a very different approach from that just discussed,… — Carmen M. Reinhart Copy Share Image
“Of course, the problems of external default, domestic default, and inflation are all integrally related. A government that chooses to default on its debts… — Carmen M. Reinhart Copy Share Image
“The Fiscal Legacy of Crises Declining revenues and higher expenditures, owing to a combination of bailout costs and higher transfer payments and debt servicing… — Carmen M. Reinhart Copy Share Image
“These findings on capital flow bonanzas are also consistent with other identified empirical regularities surrounding credit cycles. Mendoza and Terrones, who examine credit cycles… — Carmen M. Reinhart Copy Share Image
