Crisis spillovers in emerging market economies
Subtitle: interlinkages, vulnerabilities and investor behaviour
By: by Michael Chui, Simon Hall and Ashley Taylor.
Contributors: Hall, Simon, 1970-; Taylor, Ashley.; Bank of England.
Series: Working paper,; no. 212; Working paper (Bank of England : Online) ;; no.212.
Publisher: Bank of England
Published: 2004
Place of publication: London
Language: eng
Format: Electronic resource
Subjects: Financial crises.
Description: "Many emerging market economy (EME) financial crises in the 1990s quickly spread to other countries. By contrast, spillovers from the Argentina crisis in 2001-02 appear to have been much more limited. Why do some crises spread widely and others do not? In this paper the joint importance of intra-EME linkages, related country-specific vulnerabilities and investor behaviour are stressed. This framework provides insights into some potential reasons behind the differing extent of spillovers in two case studies - Asia 1997-98 and Argentina 2001-02. It also highlights the need for further analysis of the less easily measurable elements of the framework, in particular changes in investor behaviour"--Bank of England web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.