Contagion, bank lending spreads, and output fluctuations / Pierre-Richard Agénor, Joshua Aizenman, Alexander Hoffmaister

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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Detalhes bibliográficos
Main Authors:Agénor, Pierre-Richard, 1957-
Corporate Authors:World Bank Institute
Outros Autores:Hoffmaister, Alexander W.
Aizenman, Joshua, 1949-
Formato: Online-Resource
Idioma:English
Publicado em:Washington, DC : World Bank, World Bank Institute, Economic Policy and Poverty Reduction, 1999
Colecção:Policy research working paper
Assuntos:
Acesso em linha:kostenfrei
Descrição
Resumo: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
Descrição do item:"September 1999. - Cover title. - Includes bibliographical references (p. 24-25)
Erscheinungsjahr in Vorlageform:[1999]
Descrição Física:1 Online-Ressource (25 Seiten) Illustrationen 28 cm