Mexico's Financial Sector Crisis: Propagative Linkages to Devaluation

Autor:	Berry K. Wilson, Anthony Saunders, Gerard Caprio
Rok vydání:	2000
Předmět:	Economics and Econometrics Liability Diversification (finance) Economics Devaluation Balance sheet Monetary economics International economics Financial sector
Zdroj:	The Economic Journal. 110:292-308
ISSN:	1468-0297 0013-0133
DOI:	10.1111/1468-0297.00502
Popis:	The sharp 1994 Mexican peso devaluation was followed by a financial-sector crisis, forcing the Mexican government to retake control of several banks and to grant substantial assistance to many others. This paper tests several hypotheses concerning the impact of devaluation. First, event-study methodology is used to test whether some sectors of Mexican economy were 'devaluation-gaining' while others were 'devaluation-losing'. Second, we test whether devaluation shocks were transmitted to the financial sector through the liability side versus the asset side of bank balance sheets. Our results indicate the importance of asset diversification.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::cd42bea283f6bcb791c93d6708afb93c https://doi.org/10.1111/1468-0297.00502 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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