01827cas a2200265 a 4500 AALejournalIMF007698 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451847611 1018-5941 BD-DhAAL BD-DhAAL Salgado, Ranil. Trade and Financial Contagion in Currency Crises / Ranil Salgado, Luca Ricci, Francesco Caramazza. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (46 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 investigates empirically the relevance of external, domestic, and financial weaknesses as well as trade and financial linkages in inducing financial crises for a sample of 61 emerging market and industrial countries. A panel probit estimation finds these economic indicators to be significant for emerging market countries during the Mexican, Asian, and Russian crises. In particular, the indicators of vulnerability to international financial spillover (common creditor) and of financial fragility (reserve adequacy) are highly significant and appear to explain the apparent regional concentration of these crises. Exchange rate regimes and capital controls, however, do not seem to matter. Mode of access: Internet Caramazza, Francesco. Ricci, Luca. IMF Working Papers; Working Paper ; No. 2000/055 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/055/001.2000.issue-055-en.xml IMF e-Library