Contagion, Bank Lending Spreads and Output Fluctuations
A positive historical shock to external spreads can lead to an increase in domestic spreads and a reduction in the cyclical component of output. Shocks to external spreads immediately after the Mexican peso crisis had a sizable effect on movements in output and domestic interest rate spreads in Argentina.
"A positive historical shock to external spreads can lead to an increase in domestic spreads and a reduction in the cyclical component of output. Shocks to external spreads immediately after the Mexican peso crisis had a sizable effect on movements in output and domestic interest rate spreads in Argentina."@en
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The World Bank. World Bank Institute. Economic Policy and Poverty Reduction.
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Crisis financiera Argentina Modelos econométricos.
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Préstamos bancarios Argentina Modelos econométricos.
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