| Journal: | Económica (La Plata) |
| Database: | CLASE |
| System number: | 000380503 |
| ISSN: | 0013-0419 |
| Authors: | Delbianco, Fernando Andrés1 Fioriti, Andrés1 |
| Institutions: | 1Universidad Nacional del Sur, Departamento de Economía, Bahía Blanca, Buenos Aires. Argentina |
| Year: | 2012 |
| Season: | Ene-Dic |
| Volumen: | 58 |
| Pages: | 23-51 |
| Country: | Argentina |
| Language: | Inglés |
| Document type: | Artículo |
| Approach: | Histórico, analítico |
| Spanish abstract | This paper studies the presence of structural breaks in the capital flows of sixteen economies of Latin America using the unit test root by Zivot and Andrews (1992). It is complemented by the structural breaks test by Bai Perron (1998). Afterwards, an analysis of the likelihood of contemporaneity between the breaks found and the crises the countries had suffered in the last forty years is presented. These crises were either of currency, banking, domestic and external debt type. Many cases of contemporaneity were found, especially with the crises that occurred at the end of the 90s |
| English abstract | This paper studies the presence of structural breaks in the capital flows of sixteen economies of Latin America using the unit test root by Zivot and Andrews (1992). It is complemented by the structural breaks test by Bai Perron (1998). Afterwards, an analysis of the likelihood of contemporaneity between the breaks found and the crises the countries had suffered in the last forty years is presented. These crises were either of currency, banking, domestic and external debt type. Many cases of contemporaneity were found, especially with the crises that occurred at the end of the 90s |
| Disciplines: | Economía |
| Keyword: | Inversiones, Crisis, Volatilidad, Flujos de capital, Devaluación, Inflación, Sistema financiero, América Latina, Caribe |
| Full text: | Texto completo (Ver PDF) |
