Crisis Spillovers in Emerging Market Economies: Interlinkages, Vulnerabilities and Investor Behavior
- Topics:
- Investment and Capital Markets
- Tags:
- Bank Of England,
- Emerging Market,
- Financial Services,
- Marketing,
- Marketing Research,
- Spillover,
- Vulnerability
- Source:
- Bank of England
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Overview: Many emerging market economy (EME) financial crises in the 1990s quickly spread to other countries. By contrast, spillovers from the Argentina crisis in 2001-02 appear to have been much more limited. Why do some crises spread widely and others do not? This paper stresses the joint importance of intra-EME linkages, related country-specific vulnerabilities and investor behavior. This framework provides insights into some potential reasons behind the differing extent of spillovers in two case studies?Asia 1997-98 and Argentina 2001-02.
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Format: PDF | Size: 386KB | Date: Jan 2004 | Pages: 40




