Series: IMF Working Papers
Author(s): Reinout De Bock , and Alexander Demyanets
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2012
Keywords: Macro-financial linkages, Nonperforming loans, Exchange rate, Panel regressions, capital inflows, net capital flows, exchange rates, Bank Asset Quality in Emerging Markets, Financial Markets and the Macroeconomy, International Finance: General
This paper assesses the vulnerability of emerging markets and their banks to aggregate shocks. We find significant links between banks' asset quality, credit and macroeconomic aggregates. Lower economic growth, an...