Cover IMF Working Papers
Spillovers Through Banking Centers: A Panel Data Analysis
Author:
International Monetary Fund
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Series:
IMF Working Papers
Volume/Issue:
Volume 2000: Issue 088
Language:
English
Publication Date:
01 May 2000
DOI:
https://doi.org/10.5089/9781451851151.001
ISBN:
9781451851151
ISSN:
1018-5941
Pages:
38
Keywords:
WP; bank; lender effect; crisis; Contagion; Currency Crisis; Financial Spillovers; bank flow; bank claim; country bank capital; bank portfolio; Emerging and frontier financial markets; Bank credit; Credit; Foreign banks; East Asia; Asia and Pacific; North America; Eastern Europe; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2000: Issue 088