Pure Contagion and Investors Shifting Risk Appetite : Analytical Issues and Empirical Evidence /

This paper discusses a "pure" form of financial contagion, unrelated to economic fundamentals - investors' shifting appetite for risk. It provides an analytical framework for identifying changes in investors' risk appetite and discusses whether it is possible to directly measure...

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Detalhes bibliográficos
Autor principal: Kumar, Manmohan
Outros Autores: Persaud, Avinash
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2001.
Colecção:IMF Working Papers; Working Paper ; No. 2001/134
Acesso em linha:Full text available on IMF
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300 |a 1 online resource (35 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper discusses a "pure" form of financial contagion, unrelated to economic fundamentals - investors' shifting appetite for risk. It provides an analytical framework for identifying changes in investors' risk appetite and discusses whether it is possible to directly measure them in a way that can enable policy makers to differentiate between financial contagion and domestic fundamentals as the immediate source of a crisis. Daily measures of risk appetite are computed and their usefulness in predicting financial crises is assessed. 
538 |a Mode of access: Internet 
700 1 |a Persaud, Avinash. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2001/134 
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