A positive historical shock to external spreads can lead to an increase in domestic spreads and a reduction in the … movements in output and domestic interest rate spreads in Argentina …

This paper studies the effects of contagion on bank lending spreads and output fluctuations in Argentina. The first … interest rate spread. The effects of a contagious shock (modeled as a positive historical shock in the external interest rate …

This paper studies the effects of contagion on bank lending spreads and output fluctuations in Argentina. The first … interest rate spread. The effects of a contagious shock (modeled as a positive historical shock in the external interest rate …

A positive historical shock to external spreads can lead to an increase in domestic spreads and a reduction in the … movements in output and domestic interest rate spreads in Argentina. Agénor, Aizenman, and Hoffmaister study how contagion … affects bank lending spreads and fluctuations in output in Argentina. They analyze what determines bank lending spreads when …

finds that real GDP in Argentina responds negatively to a shock to the real interest rate, the external debt ratio, or the … real exchange rate and positively to a shock to real stock prices or the lagged real GDP during some of the quarters. The …