Current Account Deficits and Capital Flows in East Asia and Latin America: Are the Early Nineties Different From the Early Eighties

Gian Maria Milesi Ferretti and Assaf Razin, Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues (University of Chicago Press, 1999), chap. 3, https://www.nber.org/books-and-chapters/changes-exchange-rates-rapidly-developing-countries-theory-practice-and-policy-issues/current-account-deficits-and-capital-flows-east-asia-and-latin-america-are-early-nineties-different.