Capital Flow Waves: Surges, Stops, Flight, and Retrenchment
---- Acknowledgements ----
We thank for helpful comments and conversations Alain Chaboud, Marcos Chamon, Bernard Dumas, José de Gregorio, Charles Engel, Jeffrey Frankel, Marcel Fratzscher, Pierre-Olivier Gourinchas, Philip Lane, Patrick McGuire, Gian Maria Milesi-Ferretti, Bent Sorenson, Charles Thomas, and participants at the meetings of the NBER/Sloan Global Financial Crisis project and AEA annual conference and in seminars at Bangko Sentral ng Pilipinas, Bank of England, BIS Asia, European Central Bank, Federal Reserve Bank of San Francisco, INSEAD, Johns Hopkins, MIT, Monetary Authority of Singapore, Reserve Bank of Australia, Reserve Bank of New Zealand, Trinity College Dublin, UC Berkeley, and UVA-Darden. Vahid Gholampour provided research assistance. Warnock thanks the Darden School Foundation, Asian Institute of Management, and the BIS Asia office for generous support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.