An Attempt to Analyze the Determinants and Effects of Sudden Stops of Capital Flows in Their Different Forms: The Case of Emerging Market Economies

I. IntroductionThe gradual liberalization policies of EMEs towards capital flows in the 1980s and 1990s led to developments that can be considered successful in terms of attracting international capital to these countries.While generally and overwhelmingly supported, it has often been neglected that these policies can also be a facilitating factor for capital outflows from these countries