International Capital Reversals: Consequences and Determinants

Author

Yin, Yuming ; Xu, Jing ; Li, Yao

Author_Institution

Sch. of Manage. & Econ., Univ. of Electron. Sci. & Technol. of China, Chengdu, China

Volume

2

fYear

2009

fDate

26-27 Dec. 2009

Firstpage

35

Lastpage

38

Abstract

International capital reversals lead to many financial crises in emerging markets from 1970 to 2007. In this paper we present descriptive statistics on capital account reversals and financial crises and analyze the determinants of crises and measure their marginal effects on different economic structure. Furthermore, we consider the influence of export to GDP, ratio of services industry and economic growth on the pattern of capital reversals and financial crises and their effects differed considerably depending on a country´ s economic circumstances, just as they do in 2008 crises.

Keywords

economic cycles; economic indicators; international finance; international trade; macroeconomics; stock markets; GDP; economic growth; economic structure; export; financial crisis determinants; international capital account reversals; services industry; statistics; Conference management; Consumer electronics; Crisis management; Economics; Engineering management; Financial management; Industrial electronics; Innovation management; Macroeconomics; Technology management; International capital reversals; determinants; financial crises;

fLanguage

English

Publisher

ieee

Conference_Titel

Information Management, Innovation Management and Industrial Engineering, 2009 International Conference on

Conference_Location

Xi´an

Print_ISBN

978-0-7695-3876-1

Type

conf

DOI

10.1109/ICIII.2009.166

Filename

5369200