NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies

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Graciela L. Kaminsky, Carmen M. Reinhart, Carlos A. Végh

Chapter in NBER book NBER Macroeconomics Annual 2004, Volume 19 (2005), Mark Gertler and Kenneth Rogoff, editors (p. 11 - 82)*
Published in April 2005

This chapter first appeared as NBER working paper w10780, When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies, Graciela L. Kaminsky, Carmen M. Reinhart, Carlos A. Vegh

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