During the 1990s, a number of emerging market countries faced capital account crises, in which sudden reversals of capital inflows forced large and abrupt current account adjustments, often with pervasive macroeconomic consequences.
During the 1990s, a number of emerging market countries faced capital account crises, in which sudden reversals of capital inflows forced large and abrupt current account adjustments, often with pervasive macroeconomic consequences.