01829cas a2200241 a 4500 AALejournalIMF015320 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513563442 1018-5941 BD-DhAAL BD-DhAAL Comelli, Fabio. Estimation and out-of-sample Prediction of Sudden Stops : Do Regions of Emerging Markets Behave Differently from Each Other? / Fabio Comelli. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We identify episodes of sudden stops in emerging economies and estimate the probability to observe them. Sudden stops are more likely when global growth falters, risk aversion in financial markets rises, and vulnerabilities in the external and financial sectors increase. However, the significance of the explanatory variables vary across regions. In Latin America and Eastern Europe, gross capital inflows are more responsive to changes in global growth than in Asia. Trade linkages tend to be more important than financial linkages in Eastern Europe, while in Asia and Latin America the opposite is true. The model captures only a third of sudden stops outside the estimation sample, but issues reliable sudden stop signals. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2015/138 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/138/001.2015.issue-138-en.xml IMF e-Library