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,...
| Korporativna značnica: | |
|---|---|
| Format: | Revija |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
1999.
|
| Serija: | IMF Working Papers; Working Paper ;
No. 1999/146 |
| Online dostop: | Full text available on IMF |