This article analyzes how external crises spread across countries. The authors analyze the behavior of four alternative crisis indicators in a sample of 20 countries during three well-known crises: the 1982 debt crisis, the 1994 Mexican crisis, and the 1997 Asian crisis. The objective is twofold: to revisit the transmission channels of crises, and to analyze whether capital controls, exchange rate flexibility, and debt maturity structure affect the...
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INFORMATION
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2001/05/01
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Article de revue
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77354
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1
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1
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2013/05/21
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Disclosed
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Crisis transmission : evidence from the debt, tequila, and Asian flu crises
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real exchange rate depreciation
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