Contagion : Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria /
Several concepts of contagion are distinguished. It is argued that only models that admit of multiple equilibria are capable of producing true contagion. A simple balance of payments model is presented to illustrate that phenomenon, and some back-of-the-envelope calculations assess its relevance to...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Серии: | IMF Working Papers; Working Paper ;
No. 1998/142 |
| Online-ссылка: | Full text available on IMF |