{"id":"https://openalex.org/W1919196467","doi":"https://doi.org/10.1111/rode.12093","title":"Capital Inflows, Exchange Rate Flexibility and Credit Booms","display_name":"Capital Inflows, Exchange Rate Flexibility and Credit Booms","publication_year":2014,"publication_date":"2014-07-10","ids":{"openalex":"https://openalex.org/W1919196467","doi":"https://doi.org/10.1111/rode.12093","mag":"1919196467"},"language":"en","primary_location":{"id":"doi:10.1111/rode.12093","doi":"https://doi.org/10.1111/rode.12093","is_oa":true,"landing_page_url":"https://doi.org/10.1111/rode.12093","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/rode.12093","source":{"id":"https://openalex.org/S95496512","display_name":"Review of Development Economics","issn_l":"1363-6669","issn":["1363-6669","1467-9361"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Development Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/rode.12093","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5023002345","display_name":"Nicol\u00e1s Magud","orcid":"https://orcid.org/0000-0001-6274-7650","observed_orcids":["https://orcid.org/0000-0001-6274-7650"]},"institutions":[{"id":"https://openalex.org/I136199984","display_name":"Harvard University","ror":"https://ror.org/03vek6s52","country_code":"US","type":"education","lineage":["https://openalex.org/I136199984"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Nicolas E. Magud","raw_affiliation_strings":["Kennedy School of Government Harvard University 79 JFK Street Cambridge MA 02138 USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Kennedy School of Government Harvard University 79 JFK Street Cambridge MA 02138 USA","institution_ids":["https://openalex.org/I136199984"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5080219284","display_name":"Carmen Reinhart","orcid":"https://orcid.org/0000-0003-4355-1411","observed_orcids":["https://orcid.org/0000-0003-4355-1411"]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Carmen M. Reinhart","raw_affiliation_strings":["International Monetary Fund; 700 19th St, NW Washington DC 20431 USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"International Monetary Fund; 700 19th St, NW Washington DC 20431 USA","institution_ids":["https://openalex.org/I1310145890"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5069516584","display_name":"Esteban Rodrigo Vesperoni","orcid":"https://orcid.org/0000-0002-6284-9726","observed_orcids":["https://orcid.org/0000-0002-6284-9726"]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Esteban R. Vesperoni","raw_affiliation_strings":["International Monetary Fund; 700 19th St, NW Washington DC 20431 USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"International Monetary Fund; 700 19th St, NW Washington DC 20431 USA","institution_ids":["https://openalex.org/I1310145890"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5080219284"],"corresponding_institution_ids":["https://openalex.org/I1310145890"],"apc_list":{"value":3350,"currency":"USD","value_usd":3350},"apc_paid":null,"fwci":26.8385,"has_fulltext":true,"cited_by_count":135,"citation_normalized_percentile":{"value":0.99535985,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":100},"biblio":{"volume":"18","issue":"3","first_page":"415","last_page":"430"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9609000086784363,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9609000086784363,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.020899999886751175,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.01640000008046627,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-inflows","display_name":"capital inflows","score":0.9950000047683716},{"id":"https://openalex.org/keywords/exchange-rate-flexibility","display_name":"exchange rate flexibility","score":0.9779999852180481},{"id":"https://openalex.org/keywords/credit-booms","display_name":"credit booms","score":0.9890000224113464},{"id":"https://openalex.org/keywords/bank-lending","display_name":"bank lending","score":0.8569999933242798},{"id":"https://openalex.org/keywords/foreign-currency-lending","display_name":"foreign currency loans","score":0.9100000262260437},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.8460000157356262},{"id":"https://openalex.org/keywords/reserve-requirements","display_name":"reserve requirements","score":0.6919999718666077},{"id":"https://openalex.org/keywords/liquidity-requirements","display_name":"liquidity requirements","score":0.8479999899864197},{"id":"https://openalex.org/keywords/capital-requirements","display_name":"capital requirements","score":0.9449999928474426},{"id":"https://openalex.org/keywords/dynamic-resource-provisioning","display_name":"dynamic resource provisioning","score":0.8130000233650208},{"id":"https://openalex.org/keywords/capital-controls","display_name":"capital controls","score":0.5860000252723694}],"concepts":[{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6833237409591675},{"id":"https://openalex.org/C2781395280","wikidata":"https://www.wikidata.org/wiki/Q5419548","display_name":"Exchange-rate flexibility","level":4,"score":0.6599937081336975},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6516270637512207},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.6332426071166992},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.5905380249023438},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.501129150390625},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.48101478815078735},{"id":"https://openalex.org/C141441539","wikidata":"https://www.wikidata.org/wiki/Q1970908","display_name":"Boom","level":2,"score":0.4775282144546509},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.4585011899471283},{"id":"https://openalex.org/C2776071005","wikidata":"https://www.wikidata.org/wiki/Q11337203","display_name":"Exchange-rate regime","level":3,"score":0.4525049924850464},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.38209640979766846},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.1878979504108429},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C87717796","wikidata":"https://www.wikidata.org/wiki/Q146326","display_name":"Environmental engineering","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/rode.12093","doi":"https://doi.org/10.1111/rode.12093","is_oa":true,"landing_page_url":"https://doi.org/10.1111/rode.12093","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/rode.12093","source":{"id":"https://openalex.org/S95496512","display_name":"Review of Development Economics","issn_l":"1363-6669","issn":["1363-6669","1467-9361"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Development Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bla:rdevec:v:18:y:2014:i:3:p:415-430","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1111/rode.12093","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1111/rode.12093","doi":"https://doi.org/10.1111/rode.12093","is_oa":true,"landing_page_url":"https://doi.org/10.1111/rode.12093","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/rode.12093","source":{"id":"https://openalex.org/S95496512","display_name":"Review of Development Economics","issn_l":"1363-6669","issn":["1363-6669","1467-9361"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Development Economics","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1919196467.pdf","grobid_xml":"https://content.openalex.org/works/W1919196467.grobid-xml"},"referenced_works_count":39,"referenced_works":["https://openalex.org/W106750384","https://openalex.org/W139055880","https://openalex.org/W185773873","https://openalex.org/W188316429","https://openalex.org/W1500618933","https://openalex.org/W1514436519","https://openalex.org/W1528144420","https://openalex.org/W1541929339","https://openalex.org/W1552235296","https://openalex.org/W1589938782","https://openalex.org/W1593931817","https://openalex.org/W1980872138","https://openalex.org/W1996138250","https://openalex.org/W2028578735","https://openalex.org/W2050163399","https://openalex.org/W2078140895","https://openalex.org/W2086076375","https://openalex.org/W2112559425","https://openalex.org/W2123261522","https://openalex.org/W2123888799","https://openalex.org/W2131094205","https://openalex.org/W2142202511","https://openalex.org/W2147362215","https://openalex.org/W2150996390","https://openalex.org/W2168621705","https://openalex.org/W2169611196","https://openalex.org/W2278708709","https://openalex.org/W2955222998","https://openalex.org/W2993515185","https://openalex.org/W3022231886","https://openalex.org/W3122142112","https://openalex.org/W3124507613","https://openalex.org/W3124674560","https://openalex.org/W3125507774","https://openalex.org/W4235035879","https://openalex.org/W4235959543","https://openalex.org/W4241029460","https://openalex.org/W4244162562","https://openalex.org/W4244577631"],"related_works":["https://openalex.org/W7097336555","https://openalex.org/W1701908973","https://openalex.org/W2953887091","https://openalex.org/W3124645729","https://openalex.org/W7095904784","https://openalex.org/W2388182662","https://openalex.org/W3115490761","https://openalex.org/W2142677023","https://openalex.org/W2202844617","https://openalex.org/W2905193592"],"abstract_inverted_index":{"Abstract":[0],"Historically,":[1],"capital":[2,39,80,136],"flow":[3],"bonanzas":[4],"have":[5],"often":[6],"fueled":[7],"sharp":[8],"credit":[9,33,46],"expansions":[10],"in":[11,56,119],"advanced":[12],"and":[13,49,64,116,134],"emerging":[14,21],"market":[15],"economies":[16,57,83],"alike.":[17],"Focusing":[18],"primarily":[19],"on":[20,32,128,141],"markets,":[22],"this":[23],"paper":[24],"analyzes":[25],"the":[26,73,76,103],"impact":[27],"of":[28,37],"exchange":[29,61,96,143],"rate":[30,62,97],"flexibility":[31],"markets":[34,115],"during":[35],"periods":[36],"large":[38],"inflows.":[40],"It":[41],"is":[42,47],"shown":[43],"that":[44,65,75,108],"bank":[45],"larger":[48],"its":[50],"composition":[51],"tilts":[52],"to":[53,101,112,117],"foreign":[54,120,129,142],"currency":[55],"with":[58,84,93],"less":[59,94],"flexible":[60,86,95],"regimes,":[63],"these":[66,122],"results":[67],"are":[68],"not":[69],"explained":[70],"entirely":[71],"by":[72],"fact":[74],"latter":[77],"attract":[78],"more":[79,85],"inflows":[81],"than":[82],"regimes.":[87],"The":[88],"findings":[89],"thus":[90],"suggest":[91],"countries":[92],"regimes":[98],"may":[99],"stand":[100],"benefit":[102],"most":[104],"from":[105],"regulatory":[106],"policies":[107,123],"reduce":[109],"banks'":[110],"incentives":[111],"tap":[113],"external":[114],"lend/borrow":[118],"currency;":[121],"include":[124],"marginal":[125],"reserve":[126],"requirements":[127,133],"lending,":[130],"currency\u2010dependent":[131],"liquidity":[132],"higher":[135],"requirement":[137],"and/or":[138],"dynamic":[139],"provisioning":[140],"loans.":[144]},"counts_by_year":[{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":13},{"year":2023,"cited_by_count":9},{"year":2022,"cited_by_count":6},{"year":2021,"cited_by_count":11},{"year":2020,"cited_by_count":11},{"year":2019,"cited_by_count":9},{"year":2018,"cited_by_count":16},{"year":2017,"cited_by_count":10},{"year":2016,"cited_by_count":25},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":5},{"year":2013,"cited_by_count":6},{"year":2012,"cited_by_count":5}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}
