Spillovers Through Banking Centers [electronic resource] : A Panel Data Analysis.
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TextSeries: IMF Working Papers; Working Paper ; No. 00/88Publication details: Washington, D.C. : International Monetary Fund, 2000Description: 1 online resource (38 p.)ISBN: 1451851154 :ISSN: 1018-5941Subject(s): Asian Crisis | Bank Claims | Bank Lending | Contagion | Currency Crisis | Financial Spillovers | Japan | Mexico | ThailandAdditional physical formats: Print Version:: Spillovers Through Banking Centers : A Panel Data AnalysisOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
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