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...

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Bibliographic Details
Main Author: Agénor, Pierre-Richard
Corporate Author: World Bank Institute Economic Policy and Poverty Reduction
Other Authors: Aizenman, Joshua, Hoffmaister, Alexander W
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:
Description
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)