Discriminating contagion : an alternative explanation of contagious currency crises in emerging markets /

Discriminating contagion : an alternative explanation of contagious currency crises in emerging markets /

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Bibliographic Details
Author / Creator:	Ahluwalia, Pavan, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, Research Department, 2000. ©2000
Description:	1 online resource (38 pages)
Language:	English
Series:	IMF working paper ; WP/00/14 IMF working paper ; WP/00/14.
Subject:	Financial crises -- Developing countries -- Econometric models. Contagion (Social psychology) -- Developing countries -- Econometric models. Capital market -- Developing countries -- Econometric models. Foreign exchange rates -- Developing countries -- Econometric models. Balance of payments -- Developing countries -- Econometric models. Balance of payments -- Econometric models. Capital market -- Econometric models. Financial crises -- Econometric models. Foreign exchange rates -- Econometric models. Developing countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/14153293

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Research Department.
ISBN:	1451843119 9781451843118
Notes:	Includes bibliographical references (pages 36-38). Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	This paper shows that a country's vulnerability to contagious crises depends on the visible similarities between that country and other countries that are experiencing crises. A country is vulnerable to shifts in investor sentiment if it exhibits weaknesses in the same economic variables as other countries affected by a contagious crisis (particularly the country that started the contagious wave), or ifit is located in the same region. The paper uses a sample of 19 emerging markets, and data from the Mexican, Asian, and Russian crises to provide evidence ofthis discriminating contagion, after controlling for alternative channels of contagion such as trade spillovers and financial linkages.
Other form:	Print version: Ahluwalia, Pavan. Discriminating contagion. [Washington, D.C.] : International Monetary Fund, Research Department, ©2000
Standard no.:	10.5089/9781451843118.001

Description
Summary:	This paper shows that a country's vulnerability to contagious crises depends on the visible similarities between that country and other countries that are experiencing crises. A country is vulnerable to shifts in investor sentiment if it exhibits weaknesses in the same economic variables as other countries affected by a contagious crisis (particularly the country that started the contagious wave), or if it is located in the same region. The paper uses a sample of 19 emerging markets, and data from the Mexican, Asian, and Russian crises to provide evidence of this discriminating contagion, after controlling for alternative channels of contagion such as trade spillovers and financial linkages.
Physical Description:	1 online resource (38 pages)
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (pages 36-38).
ISBN:	1451843119 9781451843118