NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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International Capital Flow Pressures

Linda S. Goldberg, Signe Krogstrup

NBER Working Paper No. 24286
Issued in February 2018

---- Acknowledgments ----

The views in this paper are solely the responsibility of the authors and do not necessarily reflect the views of the Federal Reserve Bank of New York, the Federal Reserve System, the IMF, its Executive Management, its Board or the National Bureau of Economic Research. The authors would like to thank Gustavo Adler, Joshua Aizenman, Mahir Binici, Stijn Claessens, Giovanni Dell'Ariccia, Joseph Gagnon, Olivier Jeanne, Martin Kaufmann, Robin Koepke, Maury Obstfeld, Jonathan Ostry, Sunil Sharma, C├ędric Tille, Ted Truman, Jeromin Zettelmeyer and participants at research seminars at the IMF Research Department, the ECB, Danmarks Nationalbank, the Peterson Institute and the Graduate Institute in Geneva for insightful comments and suggestions. Jacob Conway, Wenjie Li, Susannah Scanlan, Akhtar Shah, and Elaine Yao provided research assistance.

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