We survey recent research on emerging markets (EM) within the fields of economics,
finance, international business and management. To do this, we reconfigure the Journal of …

The literature on capital controls has (at least) four very serious apples-to-oranges
problems:(i) There is no unified theoretical framework to analyze the macroeconomic …

This paper examines the macroeconomic implications of and policy responses to surges in
private capital inflows across a large group of emerging and advanced economies. In …

This article asks whether capital inflows bonanzas increase the probability of banking crises
and whether this occurs through a lending boom mechanism. Results indicate that …

Abstract The IMF Articles of Agreement forbid a country from manipulating its currency for
unfair advantage. The US Treasury has been legally required since 1988 to report to …

The characteristics that distinguish most developing countries, compared to large
industrialized countries, include: greater exposure to supply shocks in general and trade …

We use high frequency data and a new econometric approach to evaluate the effectiveness
of controls on capital inflows. We focus on Chile's experience during the 1990s, and …

volatility has been shown to be negatively correla nomic growth across countries. 1 Recent
studies docu correlation is not only robust to alternative samples techniques, but that the …

Bank crises in emerging economies have been a feature of the recent global crisis, and their
incidence has increased in the post-Bretton Woods era. This paper investigates the impact …

Capital controls and intervention in the foreign exchange market are two controversial policy
options that many countries have adopted in the past in order to influence the exchange rate …