Fear of Sudden Stops: Lessons From Australia and ChileFootnote¹

1. This paper is a revised version of the paper prepared for the Financial Dedollarization: Policy Options conference at the Inter‐American Development Bank, 1–2 December 2003. The views expressed in this paper are those of the authors and should not be attributed to the Central Bank of Chile, the Reserve Bank of Australia or any other institution with which they are affiliated. We thank Guy Debelle, Luci Ellis, Darren Flood, Ilan Goldfajn, Simon Guttmann, Paulo Mauro, Tony Richards and Alejandro Werner for their comments. Erwin Hansen provided excellent research assistance.

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