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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Автор: Kumar, Manmohan
Інші автори: Persaud, Avinash
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2001.
Серія:IMF Working Papers; Working Paper ; No. 2001/134
Онлайн доступ:Full text available on IMF
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245 1 0 |a Pure Contagion and Investors Shifting Risk Appetite :   |b Analytical Issues and Empirical Evidence /  |c Manmohan Kumar, Avinash Persaud. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2001. 
300 |a 1 online resource (35 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
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 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2001/134/001.2001.issue-134-en.xml  |z IMF e-Library