Spillovers Through Banking Centers: A Panel Data Analysis
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Summary:
To test the role of bank lending in transmitting currency crisis we examine a panel of BIS data on bank flows to 30 emerging markets disaggregated by 11 banking centers. We find that bank exposures to a crisis country help predict bank flows in third countries after the Mexican and Asian crisis, but not after the Russian crisis. In the latter, there is evidence of a generalized outflow from emerging markets, rather than outflows linked to prior exposure to Russia.
Series:
Working Paper No. 2000/088
Subject:
Bank credit Banking Credit Emerging and frontier financial markets Financial crises Financial institutions Financial markets Foreign banks International banking Money
English
Publication Date:
May 1, 2000
ISBN/ISSN:
9781451851151/1018-5941
Stock No:
WPIEA0882000
Pages:
38
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