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...

Volledige beschrijving

Bibliografische gegevens
Hoofdauteur: Valdes, Rodrigo
Andere auteurs: Hernandez, Leonardo
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2001.
Reeks:IMF Working Papers; Working Paper ; No. 2001/029
Online toegang:Full text available on IMF