International Transmission of Bank and Corporate Distress.

International Transmission of Bank and Corporate Distress.

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Bibliographic Details
Author / Creator:	N'Diaye, Papa M'B. P.
Imprint:	Washington : International Monetary Fund, 2010.
Description:	1 online resource (52 pages)
Language:	English
Series:	IMF Working Papers IMF Working Papers.
Subject:	Corporate debt -- Econometric models. Bank failures -- Econometric models. Financial risk -- Econometric models. Bank failures -- Econometric models. Corporate debt -- Econometric models. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12502378

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

Description
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 economies has. In contrast, activity in advanced economies is more vulnerable to bank distress than to corporate distress.
Physical Description:	1 online resource (52 pages)
Bibliography:	Includes bibliographical references (pages 33-34).
ISBN:	9781455206155 1455206156 1455200298 9781455200290 1462368867 9781462368860 1282846019 9781282846012 9786612846014 6612846011 1455200832 9781455200832