Paper Title
The Impact of Sudden Stops in Capital Flows on Output: Selected Emerging Markets

We evaluate how vulnerable the emerging markets are tosudden stops, that is, capital inflow reversals, using panel data for 12 emerging economies for the period 1976-2002 that experienced such reversals. We investigate the impact ofsudden stops on the macroeconomic indicators of economic growth by employing the Generalized Method of Moments (GMM) estimation methodology. A robustness check is performedusing regional groups and introducing additional control variables. We find that sudden stops have lagging, negative, and robust effect on output. Keywords - Sudden Stops; Emerging Markets, Financial Crisis, Output, Capital Inflow