TY  - JOUR
AU  - Razin,Assaf
AU  - Sadka,Efraim
TI  - Country Risk and Capital Flow Reversals
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 8171
PY  - 2001
Y2  - March 2001
UR  - http://www.nber.org/papers/w8171
L1  - http://www.nber.org/papers/w8171.pdf
N1  - Author contact info:
Assaf Razin
Department of Economics
Cornell University
Uris 422
Ithaca, NY 14853
Tel: 607/255-9625
Fax: 607/255-2818
E-Mail: ar256@cornell.edu

Efraim Sadka
Tel Aviv University
Eitan Berglas School of Economics
P.O.B. 39040
Ramat Aviv, Tel Aviv, 69978, ISRAEL
E-Mail: sadka@post.tau.ac.il
AB  - A financial crisis with a capital flow reversal occurs when a country shifts abruptly from a 'good' equilibrium with a low country-specific risk premium to a 'bad' equilibrium with a high country-specific risk premium and no foreign credit.
ER  -