Template-Type: ReDIF-Article 1.0

Author-Name: Fernando Andrés Delblanco 
Author-Workplace-Name: Universidad Nacional del Sur
Author-Name: Andrés Fioriti 
Author-Workplace-Name: Universidad Nacional del Sur

Title: Volatility of the Capital Flows and Structural Breaks in Latin America and the Caribbean

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.

Classification-JEL: C10, G01, N26

Keywords: structural breaks, volatility, capital flows, crises, contemporaneity

Journal: Económica

Pages: 23-51
Volume: LVIII
Year: 2012
Month: January-December
File-URL: https://revistas.unlp.edu.ar/Economica/article/view/5357/4388
File-Format: Application/pdf
Handle: RePEc:akh:journl:581