Emerging market economies, which have much of their growth ahead of them, either run or should run persistent current account deficits in order to smooth consumption intertemporally. The counterpart of these deficits is their dependence on capital inflows, which can suddenly stop. We make two contributions in this paper: First, we develop a quantitative global-equilibrium model of sudden stops....

One of the most serious problems that a central bank in an emerging market economy can face is the sudden reversal of capital inflows. Hoarding international reserves can be used to smooth the impact of such reversals, but these reserves are seldom sufficient and always expensive to hold. In this paper we argue that adding richer hedging instruments to the portfolios held by central banks can s...

Although capital inflows affect positively economies in long-run, it is possible to generate somehow destructive effects if there is no any control on financial markets. This study tries to explore main determinants of large capital inflows episodes to emerging markets. It is also investigated whether the large capital inflows episodes lead to financial crises in forms of sudden stop phenomenon...

The capacity to rapidly suppress a behavioral act in response to sudden instruction to stop is a key cognitive function. This function, called reactive control, is tested in experimental settings using the stop signal task, which requires subjects to generate a movement in response to a go signal or suppress it when a stop signal appears. The ability to inhibit this movement fluctuates over tim...

fatty liver disease (fld) is the most prevalent form of liver disease worldwide. overnutrition can induce nonalcoholic fatty liver disease (nafld), a spectrum of conditions ranging from simple steatosis [or nonalcoholic fatty liver (nafl)] to nonalcoholic steatohepatitis and cirrhosis. some of the epidemiological and pathological studies have also suggested an association between the presence o...

An important question in the development of automated vehicles (AVs) is which driving style AVs should adopt and how other road users perceive them. The current study aimed to determine AV behaviours contribute pedestrians' judgements as whether vehicle manually or automatically well likeability. We tested five target trajectories an curves: playback manual driving, two stereotypical conditions...