Contagion, bank lending spreads, and output fluctuations
By: Pierre-Richard Agénor, Joshua Aizenman, Alexander Hoffmaister.
Contributors: Aizenman, Joshua.; Hoffmaister, Alexander W.; World Bank Institute. Economic Policy and Poverty Reduction.
Series: Policy research working paper ;; 2186; Policy research working papers ;; 2186.
Publisher: World Bank, World Bank Institute, Economic Policy and Poverty Reduction
Published: 1999
Place of publication: Washington, DC
Language: eng
Number of pages: 25
Subjects: Bank loans -- Argentina -- Econometric models.; Financial crises -- Argentina -- Econometric models..; Interest rates -- Argentina -- Econometric models.
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.
Notes: Includes bibliographical references (p. 24-25).
Cover title.
"September 1999."
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