01612cas a2200241 a 4500 AALejournalIMF007646 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451856620 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Sources of Contagion : Finance or Trade? Washington, D.C. : International Monetary Fund, 1999. 1 online resource (28 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 presents evidence that spillovers through bank lending, as opposed to trade linkages and country characteristics, can help explain contagion. We construct a measure of competition for bank funds and find evidence in favor of a common lender effect in the Mexican, Thai, and Russian crises, after controlling for macroeconomic fundamentals. The results are quite robust to the definition of the finance indicator. In the case of the Asian crisis, results are not always robust to the inclusion of trade competition, reflecting the high correlation between competition for funds and trade. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1999/146 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/146/001.1999.issue-146-en.xml IMF e-Library