Contagion, bank lending spreads, and output fluctuations (English)

The authors study how contagion affects bank lending spreads and fluctuations in output in Argentina. They analyze what determines bank lending spreads when verification and enforcement costs for loan contracts are high. They present estimates of a vector auto-regression model that relates bank lending spreads, the cyclical component of output, the real bank lending rate, and the spread in external interest rates. Using generalized impulse response...

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Author

Aizenman, Joshua;

Hoffmais;

Agenor, Pierre-Richard;
Document Date
1999/09/30
Document Type
Policy Research Working Paper
Report Number
WPS2186
Volume No
1
Total Volume(s)
1
Country
Argentina,
Region
Latin America and Caribbean,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Contagion, bank lending spreads, and output fluctuations
Keywords
impulse response

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Citation

Aizenman, Joshua; Hoffmais; Agenor, Pierre-Richard.

Contagion, bank lending spreads, and output fluctuations (English). Policy, Research working paper|no. WPS 2186 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/725541468740706779

Contagion, bank lending spreads, and output fluctuations (English)

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