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...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Valdes, Rodrigo
Tác giả khác: Hernandez, Leonardo
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2001.
Loạt:IMF Working Papers; Working Paper ; No. 2001/029
Truy cập trực tuyến:Full text available on IMF