What Drives Contagion: Trade Neighborhood, or Financial Links?
This paper presents evidence on the relative importance of alternative contagion channels during the Thai, Russian, and Brazilian crises. Results show that when crises are measured by changes in sovereign bond spreads, financial competition seems to explain almost all contagion episodes. However, wh...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2001
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Schriftenreihe: | IMF Working Papers
Working Paper No. 01/29 |
Online-Zugang: | BSB01 FAN01 FHA01 FKE01 FLA01 FNU01 LCO01 SBG01 SBR01 TUM01 UBA01 UBG01 UBM01 UBR01 UBT01 UBW01 UBY01 UEI01 UER01 UPA01 Volltext |
Zusammenfassung: | This paper presents evidence on the relative importance of alternative contagion channels during the Thai, Russian, and Brazilian crises. Results show that when crises are measured by changes in sovereign bond spreads, financial competition seems to explain almost all contagion episodes. However, when crises are measured by stock market returns, trade links and neighborhood effects appear to be relevant contagion channels during the Thai and Brazilian crises, while financial competition remains the only relevant channel in the case of the Russian crisis |
Beschreibung: | 1 Online-Ressource (22 p) |
ISBN: | 1451844808 9781451844801 |
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spelling | Valdés, Rodrigo O. Verfasser (DE-588)131406809 aut What Drives Contagion Trade Neighborhood, or Financial Links? Valdés, Rodrigo O Washington, D.C International Monetary Fund 2001 1 Online-Ressource (22 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 01/29 This paper presents evidence on the relative importance of alternative contagion channels during the Thai, Russian, and Brazilian crises. Results show that when crises are measured by changes in sovereign bond spreads, financial competition seems to explain almost all contagion episodes. However, when crises are measured by stock market returns, trade links and neighborhood effects appear to be relevant contagion channels during the Thai and Brazilian crises, while financial competition remains the only relevant channel in the case of the Russian crisis Online-Ausg Hernández, Leonardo Sonstige oth http://elibrary.imf.org/view/IMF001/07885-9781451844801/07885-9781451844801/07885-9781451844801.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Valdés, Rodrigo O. What Drives Contagion Trade Neighborhood, or Financial Links? |
title | What Drives Contagion Trade Neighborhood, or Financial Links? |
title_auth | What Drives Contagion Trade Neighborhood, or Financial Links? |
title_exact_search | What Drives Contagion Trade Neighborhood, or Financial Links? |
title_exact_search_txtP | What Drives Contagion Trade Neighborhood, or Financial Links? |
title_full | What Drives Contagion Trade Neighborhood, or Financial Links? Valdés, Rodrigo O |
title_fullStr | What Drives Contagion Trade Neighborhood, or Financial Links? Valdés, Rodrigo O |
title_full_unstemmed | What Drives Contagion Trade Neighborhood, or Financial Links? Valdés, Rodrigo O |
title_short | What Drives Contagion |
title_sort | what drives contagion trade neighborhood or financial links |
title_sub | Trade Neighborhood, or Financial Links? |
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