Title: Contagion, bank lending spreads, and output fluctuations
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.
Subjects: Econometric models, Econometric models.., Financial crises, Bank loans
Places: Argentina, Interest rates