Debt- and Equity-Led Capital Flow Episodes
---- Acknowledgements -----
This paper will be published in Capital Mobility and Monetary Policy (ed. Carmen Reinhart and Miguel Fuentes), volume 18 of "Central Banking, Analysis, and Economic Policies" (Central Bank of Chile). The authors thank for helpful comments and conversations José de Gregorio, Ramon Moreno, Carmen Reinhart, and participants at the Central Bank of Chile Annual Research Conference. Vahid Gholampour provided research assistance. We thank the Central Bank of Chile 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.