Spillovers Through Banking Centers: A Panel Data Analysis

39 Pages Posted: 31 Jan 2006

See all articles by Caroline Van Rijckeghem

Caroline Van Rijckeghem

Istanbul Analytics

Beatrice Weder di Mauro

Graduate Institute Geneva, IHEID; Graduate Institute Geneva, IHEID

Date Written: May 2000

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: Contagion, Currency Crisis, Financial Spillovers

JEL Classification: F30, F32, F34

Suggested Citation

Van Rijckeghem, Caroline and Weder di Mauro, Beatrice and Weder di Mauro, Beatrice, Spillovers Through Banking Centers: A Panel Data Analysis (May 2000). IMF Working Paper No. 00/88, Available at SSRN: https://ssrn.com/abstract=879625

Caroline Van Rijckeghem (Contact Author)

Istanbul Analytics ( email )

Istanbul
Turkey

Beatrice Weder di Mauro

Graduate Institute Geneva, IHEID ( email )

Geneva Avenue de la Paix 11A
Geneva, 1202
Switzerland
1211 (Fax)

Graduate Institute Geneva, IHEID ( email )

Chemin Eugene Rigot 2
Geneva, 1211
Switzerland

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