Banks capital flows and financial crises ozge akinci and albert queraltoy november 7 2014 abstract this paper proposes a macroeconomic model with nancial intermediaries banks. In the aftermath of global financial crisis the massive surge of capital flows to emerging markets was largely driven by ultra low global interest rates and the high liquidity resulting from the . Capital flows and financial crises document for capital flows and financial crises is available in various format such as pdf doc and epub which you can directly download and save. The impact of capital flows on the incidence of financial crises has been recognized since the asian crisis of 1997 98 the impact of capital flows on the incidence of financial crises has been recognized since the asian crisis of 1997 98 top stories europe us financial markets emerging markets latin america asia. He focuses on the connections between capital flows and crises as well as on those between capital flows and growtheichengreen argues that international financial liberalization like other forms of economic liberalization can positively affect the efficiency of resource allocation and the rate of economic growth
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