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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Main Author: Agénor, Pierre-Richard
Corporate Author: World Bank Institute Economic Policy and Poverty Reduction
Other Authors: Aizenman, Joshua, Hoffmaister, Alexander W.
Format: eBook
Language:English
Published: Washington, DC World Bank, World Bank Institute, Economic Policy and Poverty Reduction 1999, [1999]
Series:Policy research working paper
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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245 0 0 |a Contagion, bank lending spreads, and output fluctuations  |c Pierre-Richard Agénor, Joshua Aizenman, Alexander Hoffmaister 
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300 |a Online-Ressource (25 p)  |b ill  |c 28 cm 
651 4 |a Interest rates / Argentina / Econometric models 
653 |a Bank loans / Argentina / Econometric models 
653 |a Financial crises / Argentina / Econometric models 
700 1 |a Aizenman, Joshua 
700 1 |a Hoffmaister, Alexander W. 
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520 |a 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