Contagion, bank lending spreads, and output fluctuations
A positive historical shock to external spreads can lead to an increase in domestic spreads and a reduction in the cyclical component of output. Shocks to external spreads immediately after the Mexican peso crisis had a sizable effect on movements in output and domestic interest rate spreads in Arge...
Main Author: | |
---|---|
Corporate Author: | |
Other Authors: | , |
Format: | Electronic Book |
Language: | English |
Published: |
Washington, DC :
World Bank, World Bank Institute, Economic Policy and Poverty Reduction,
[1999]
|
Series: | Policy research working papers ;
2186 World Bank e-Library |
Subjects: |
Summary: | A positive historical shock to external spreads can lead to an increase in domestic spreads and a reduction in the cyclical component of output. Shocks to external spreads immediately after the Mexican peso crisis had a sizable effect on movements in output and domestic interest rate spreads in Argentina |
---|---|
Item Description: | Cover title "September 1999." |
Physical Description: | 25 p. : ill. ; 28 cm Also available in print |
Bibliography: | Includes bibliographical references (p. 24-25) |