Hidden Bibliographic Details
| Other authors / contributors: | Gray, Dale F.
Tamirisa, Natalia T.
Oura, Hiroko.
Chen, Qianying.
|
|---|
| ISBN: | 9781455206155
1455206156
1455200298
9781455200290
1462368867
9781462368860
1282846019
9781282846012
9786612846014
6612846011
1455200832
9781455200832
|
|---|
| Notes: | Includes bibliographical references (pages 33-34).
English.
Print version record.
|
|---|
| Summary: | The paper evaluates how increases in banks' and nonfinancial corporates' default risk are transmitted in the global economy, using in a vector autoregression model for 30 advanced and emerging economies for the period from January 1996 to December 2008. The results point to two-way causality between bank and corporate distress and to significant global macroeconomic and financial spillovers from either type of distress when it originates in a systemic economy. Corporate distress in advanced economies has a larger impact on economic growth in emerging economies than bank distress in advanced ec.
|
|---|
| Other form: | Print version: N'Diaye, Papa M'B. P. International Transmission of Bank and Corporate Distress. Washington : International Monetary Fund, ©2010 9781455200832
|
|---|
