Template-Type: ReDIF-Article 1.0
Author-Name: Aleksander V. Ponomarev
Author-Email: alex-ponomarev@yandex.ru
Author-Workplace-Name: Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation
Title: Government Intertemporal Insolvency and Capital Flows
Abstract: Through the lens of economics, this article is devoted to the impact of government policy on capital flows. The author explains such concepts of existing literature as «sudden stop outflow», «government intertemporal insolvency», «capital inflow bonanza», «global imbalances», etc. It is assumed that the government policy affects the volatility of capital flows and accelerates the capital outflow.
Classification-JEL: F32, F33, F39
Keywords: international movement of capital, global imbalances. Lucas paradox, Feldstein-Horioka puzzle, government intertemporal insolvency
Journal: Finansovyj žhurnal — Financial Journal
Pages: 33-38
Issue: 1
Year: 2013
Month: March
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2013/1/statii/2013_01_04.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:130104:p:33-38