Capital Flows, Financial Markets and Banking Crises by Chia-Y... - 9780367350581

Capital Flows, Financial Markets and Banking CrisesAuthor(s): Chia-Ying Chang\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367350581, 978-0367350581\nSynopsis\nThe increasing capital flows in the emerging markets and developed countries have raised various concerns worldwide. One main concern is the impact of the sharp decline of capital flows so-called sudden stops on financial markets and the stability of banking systems and the economy. The sudden stops and banking crises have been identified as the two main features of most financial crises, including the recent Asian Financial Crisis and Global Financial Crisis. However, how capital flows and banking crises are connected still remains unanswered.\n\nMost current studies on capital flows are empirical work, which faces various challenges. The challenges include how data has been collected and measured in each country and how sensitive the results are to the data and t.