Spillovers Through Banking Centers: A Panel Data Analysis

International Monetary Fund

No 2000/088, IMF Working Papers from International Monetary Fund

Abstract: To test the role of bank lending in transmitting currency crisis we examine a panel of BIS data on bank flows to 30 emerging markets disaggregated by 11 banking centers. We find that bank exposures to a crisis country help predict bank flows in third countries after the Mexican and Asian crisis, but not after the Russian crisis. In the latter, there is evidence of a generalized outflow from emerging markets, rather than outflows linked to prior exposure to Russia.

Keywords: WP; bank; lender effect; crisis; Contagion; Currency Crisis; Financial Spillovers; bank flow; bank claim; country bank capital; bank portfolio; Emerging and frontier financial markets; Bank credit; Credit; Foreign banks; East Asia; Asia and Pacific; North America; Eastern Europe; Global (search for similar items in EconPapers)
Pages: 38
Date: 2000-05-01
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Citations: View citations in EconPapers (56)

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