Title Discriminating contagion : an alternative explanation of contagious currency crises in emerging markets / prepared by Pavan Ahluwalia

Published [Washington, D.C.] : International Monetary Fund, Research Department, 2000 ©2000

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Description 1 online resource (38 pages) Series IMF working paper ; WP/00/14 IMF working paper ; WP/00/14. 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 Bibliography Includes bibliographical references (pages 36-38) Notes 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 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record 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. Form Electronic book Author International Monetary Fund. Research Department. ISBN 1451843119 9781451843118

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