Home > Are capital flows fickle? And does the answer still depend on type?
In a new paper  and a Vox column , we ask whether the conventional wisdom holds in our contemporary world. We analyze trends in capital flows in emerging economies since 1990s, including in the post-global-financial-crisis era. While a majority of previous studies have utilized annual data largely for reasons of availability and convenience, we work with quarterly data. This allows us to analyze capital flows at business cycle frequencies and around country-specific sudden stops and global stops, events that are hard to pinpoint using annual data.