Crisis Transmission : Evidence from the Debt, Tequila, and Asian Flu Crises

This article analyzes how external crises spread across countries. The authors analyze the behavior of four alternative crisis indicators in a sample of 20 countries during three well-known crises: the 1982 debt crisis, the 1994 Mexican crisis, and...

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Bibliographic Details
Main Authors:	De Gregorio, José, Valdés, Rodrigo O.
Format:	Journal Article
Language:	English en_US
Published:	Washington, DC: World Bank 2014
Subjects:	ACCOUNTING AGRICULTURE ANNUAL GROWTH ASSETS BALANCE OF PAYMENTS BALANCE OF PAYMENTS CRISES BANK LENDING BILATERAL TRADE BUDGET DEFICIT CAPITAL CONTROL CAPITAL CONTROLS CAPITAL INFLOWS CAPITAL MOVEMENTS CAPITAL TRANSACTIONS COMPETITIVE DEVALUATION COMPETITIVE DEVALUATIONS CONSTANTS CONSUMER PRICE INDEX COUNTRY CREDIT CREDIT BOOM CREDIT BOOMS CREDIT RATING CREDIT RATINGS CREDIT RISK CRISES IN EMERGING MARKETS CRISIS CONTAGION CROSS-COUNTRY EXPERIENCE CURRENCY CURRENCY CRISES CURRENCY CRISIS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DATA AVAILABILITY DEBT COMPOSITION DEBT CRISIS DEBT MATURITY DEBT STRUCTURE DEPENDENT VARIABLE DEPOSITS DEPRECIATION DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DOMESTIC CREDIT DUMMY VARIABLE DUMMY VARIABLES EMERGING MARKETS EQUILIBRIUM ERROR TERM EXCHANGE ARRANGEMENTS EXCHANGE RATE EXCHANGE RATE FLEXIBILITY EXCHANGE RATE REGIMES EXCHANGE RESTRICTIONS EXPLANATORY VARIABLE EXTERNAL ASSETS EXTERNAL DEBT EXTERNAL SHOCK EXTERNAL SHOCKS FINANCIAL CRISES FINANCIAL INTEGRATION FINANCIAL SECTOR FINANCIAL SUPPORT FISCAL BALANCE FIXED EXCHANGE RATE FIXED EXCHANGE RATE REGIME FLEXIBLE EXCHANGE RATE FLEXIBLE EXCHANGE RATE REGIMES FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET GDP GLOBALIZATION GROSS DOMESTIC PRODUCT GROWTH RATE INDUSTRIAL COUNTRIES INFLATION INSTITUTIONAL INVESTOR INTERDEPENDENCE INTEREST RATE SHOCK INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANK LENDING INTERNATIONAL CRISES INTERNATIONAL CRISIS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL INTEREST INTERNATIONAL INTEREST RATE INTERNATIONAL RESERVES INTERNATIONAL SETTLEMENTS LEADING INDICATORS M1 M2 MACROECONOMIC CONDITIONS MACROECONOMIC VARIABLE MARKET COMPETITION MARKET PRESSURE MARKET PRESSURES MATURITY STRUCTURE MISALIGNMENT MONETARY FUND MONEY SUPPLY NARROW BANDS OUTPUT OUTPUT COLLAPSE OVERVALUATION PARTICULAR COUNTRY PRICE INDEX PRIVATE CREDIT RATE OF GROWTH RATE OF INFLATION REAL DEPRECIATION REAL EXCHANGE RATE REAL EXCHANGE RATE APPRECIATION REAL EXCHANGE RATE OVERVALUATION REAL EXCHANGE RATES REAL INTEREST REAL INTEREST RATE REAL SHOCKS RETURNS SHOCK PROXY SHORT-TERM DEBT STANDARD DEVIATION STOCK MARKET SURRENDER REQUIREMENT TEQUILA CRISIS TIME HORIZON TOTAL CREDIT TOTAL DEBT TOTAL EXPORTS TRADE PATTERN TRANQUIL TIMES TRANSMISSION MECHANISM TRANSMISSION MECHANISMS VOLATILITY VULNERABILITY WEIGHTS
Online Access:	http://documents.worldbank.org/curated/en/2001/05/17737281/crisis-transmission-evidence-debt-tequila-asian-flu-crises http://hdl.handle.net/10986/17443

Internet

http://documents.worldbank.org/curated/en/2001/05/17737281/crisis-transmission-evidence-debt-tequila-asian-flu-crises
http://hdl.handle.net/10986/17443

Crisis Transmission : Evidence from the Debt, Tequila, and Asian Flu Crises

Internet

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