Agénor, Pierre-Richard
[Author]
;
Hoffmaister, Alexander W.
[Other];
Aizenman, Joshua
[Other]World Bank Institute Economic Policy and Poverty Reduction
Contagion, bank lending spreads, and output fluctuations
Footnote:
"September 1999
Cover title
Includes bibliographical references (p. 24-25)
Description:
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