Modeling the Global Effects of the COVID-19 Sudden Stop in Capital Flows

Posted: 25 Oct 2021

See all articles by Ozge Akinci

Ozge Akinci

Federal Reserve Bank of New York

Gianluca Benigno

London School of Economics & Political Science (LSE) - Department of Economics; Federal Reserve Bank of New York

Albert Queralto

Board of Governors of the Federal Reserve System

Multiple version iconThere are 2 versions of this paper

Date Written: July, 2020

Abstract

The COVID-19 outbreak has triggered unusually fast outflows of dollar funding from emerging market economies (EMEs). These outflows are known as sudden stop episodes, and are typically followed by economic contractions.

Suggested Citation

Akinci, Ozge and Benigno, Gianluca and Benigno, Gianluca and Queralto, Albert, Modeling the Global Effects of the COVID-19 Sudden Stop in Capital Flows (July, 2020). FEDS Notes No. 2020-07-02, Available at SSRN: https://ssrn.com/abstract=3948828 or http://dx.doi.org/10.17016/2380-7172.2586

Ozge Akinci (Contact Author)

Federal Reserve Bank of New York ( email )

New York, NY 10045
United States

Gianluca Benigno

London School of Economics & Political Science (LSE) - Department of Economics ( email )

Houghton Street
London WC2A 2AE
United Kingdom
+44 20 7955 7807 (Phone)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Albert Queralto

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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