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- W3003263022 abstract "Interest-rate spreads fluctuate widely across time and countries. We characterize their behavior using some 3,200 quarterly observations for 21 advanced and 17 emerging economies since the early 1990s. Before the financial crisis, spreads are 10 times more volatile in emerging economies than in advanced economies. Since 2008, the behavior of spreads has converged across country groups, largely because it has adjusted in advanced economies. We also provide evidence on the transmission of spread shocks and find it similar across sample periods and country groups. Spread shocks have become a more important source of output fluctuations in advanced economies after 2008." @default.
- W3003263022 created "2020-02-07" @default.
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- W3003263022 date "2020-01-29" @default.
- W3003263022 modified "2023-10-02" @default.
- W3003263022 title "Different no more: Country spreads in advanced and emerging economies" @default.
- W3003263022 doi "https://doi.org/10.15496/publikation-38867" @default.
- W3003263022 hasPublicationYear "2020" @default.
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