The Uncertainty Channel of Contagion /

The 2007 subprime crisis in the U.S. triggered a succession of financial crises around the globe, reigniting interest in the contagion phenomenon. Not all crises, however, are contagious. This paper models a new channel of contagion where the degree of anticipation of crises, through its impact on i...

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Bibliographic Details
Main Author: Kannan, Prakash
Other Authors: Kohler-Geib, Fritzi
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/219
Online Access:Full text available on IMF