NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Financial Globalization, Financial Crises, and the External Portfolio Structure of Emerging Markets

Enrique G. Mendoza, Katherine A. Smith

NBER Working Paper No. 19072
Issued in May 2013

---- Acknowledgements -----

We would like to thank two anonymous referees and the guest editor at the Scandinavian Journal of Economics, Gita Gopinath, for their helpful comments and suggestions. We also thank Gian Maria Milesi-Ferretti and Philip Lane for their dataset on foreign asset positions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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