Sources of Contagion : Finance or Trade?

Finance or Trade?

Sources of Contagion : Finance or Trade?
This paper presents evidence that spillovers through bank lending, as opposed to trade linkages and country characteristics, can help explain contagion. We construct a measure of competition for bank funds and find evidence in favor of a common lender effect in the Mexican, Thai, and Russian crises, after controlling for macroeconomic... READ MORE...

Publication date: October 1999
ISBN 9781451856620
$15.00

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