Munich Personal RePEc Archive

The probability of sudden stop of capital flows - the case of Albania

Shijaku, Gerti (2013): The probability of sudden stop of capital flows - the case of Albania.

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Abstract

The main goal of this paper is to develop a better understanding of international capital flows based on the episode of sudden stop concept. First, we compute a sudden stop indicator (or our binary variable) in order to analyze movements in foreign capital flows. Second, the probability of these episodes is estimated as a function of some economic fundamentals by running a probit estimation with quarterly data over the period 2004–2012.

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