International Transmission of Bank and Corporate Distress /

The paper evaluates how increases in banks' and nonfinancial corporates' default risk are transmitted in the global economy, using in a vector autoregression model for 30 advanced and emerging economies for the period from January 1996 to December 2008. The results point to two-way causali...

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Библиографические подробности
Главный автор: N'Diaye, Papa
Другие авторы: Gray, Dale, Oura, Hiroko, Tamirisa, Natalia
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2010.
Серии:IMF Working Papers; Working Paper ; No. 2010/124
Online-ссылка:Full text available on IMF
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100 1 |a N'Diaye, Papa. 
245 1 0 |a International Transmission of Bank and Corporate Distress /  |c Papa N'Diaye, Dale Gray, Natalia Tamirisa, Hiroko Oura. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2010. 
300 |a 1 online resource (43 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper evaluates how increases in banks' and nonfinancial corporates' default risk are transmitted in the global economy, using in a vector autoregression model for 30 advanced and emerging economies for the period from January 1996 to December 2008. The results point to two-way causality between bank and corporate distress and to significant global macroeconomic and financial spillovers from either type of distress when it originates in a systemic economy. Corporate distress in advanced economies has a larger impact on economic growth in emerging economies than bank distress in advanced economies has. In contrast, activity in advanced economies is more vulnerable to bank distress than to corporate distress. 
538 |a Mode of access: Internet 
700 1 |a Gray, Dale. 
700 1 |a Oura, Hiroko. 
700 1 |a Tamirisa, Natalia. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2010/124 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2010/124/001.2010.issue-124-en.xml  |z IMF e-Library