What Drives Contagion : Trade Neighborhood, or Financial Links? /

This paper presents evidence on the relative importance of alternative contagion channels during the Thai, Russian, and Brazilian crises. Results show that when crises are measured by changes in sovereign bond spreads, financial competition seems to explain almost all contagion episodes. However, wh...

Descrizione completa

Dettagli Bibliografici
Autore principale: Valdes, Rodrigo
Altri autori: Hernandez, Leonardo
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2001.
Serie:IMF Working Papers; Working Paper ; No. 2001/029
Accesso online:Full text available on IMF