Sources of Contagion : Finance or Trade?
This paper presents evidence that spillovers through bank lending, as opposed to trade linkages and country characteristics, can help explain contagion. We construct a measure of competition for bank funds and find evidence in favor of a common lender effect in the Mexican, Thai, and Russian crises,...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Серии: | IMF Working Papers; Working Paper ;
No. 1999/146 |
| Online-ссылка: | Full text available on IMF |