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- W2340569076 abstract "The timing and virulence of the current global financial crisis do not seem to be adequately explained by the fundamental problems facing many of the economies that have been seriously affected, particularly those in East Asia, raising important questions about the nature of spillovers and contagion. This note attempts to organise the wide range of definitions, causes and measurements of contagion in the vast literature on this area under a conceptual framework. It reviews the causes of contagion and examines the possible channels through which shocks might be transmitted. It also provides an overview of the empirical tests used in the literature for the presence and characteristics of contagion in financial markets." @default.
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- W2340569076 date "2009-01-01" @default.
- W2340569076 modified "2023-09-27" @default.
- W2340569076 title "CONTAGION OF FINANCIAL CRISES: A LITERATURE REVIEW OF THEORETICAL AND EMPIRICAL FRAMEWORKS" @default.
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