01786cas a2200241 a 4500 AALejournalIMF001128 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843118 1018-5941 BD-DhAAL BD-DhAAL Ahluwalia, Pavan. Discriminating Contagion : An Alternative Explanation of Contagious Currency Crises in Emerging Markets / Pavan Ahluwalia. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper shows that a country's vulnerability to contagious crises depends on the visible similarities between that country and other countries that are experiencing crises. A country is vulnerable to shifts in investor sentiment if it exhibits weaknesses in the same economic variables as other countries affected by a contagious crisis (particularly the country that started the contagious wave), or if it is located in the same region. The paper uses a sample of 19 emerging markets, and data from the Mexican, Asian, and Russian crises to provide evidence of this discriminating contagion, after controlling for alternative channels of contagion such as trade spillovers and financial linkages. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/014 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/014/001.2000.issue-014-en.xml IMF e-Library