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Contagion Phenomena: Occurence And Transmission Mechanisms


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  • MARGINEAN Silvia

    ("Lucian Blaga" University of Sibiu)

  • ORASTEAN Ramona

    ("Lucian Blaga" University of Sibiu)


Contagion phenomena are a real challenge for economists and economic theory, and in the same time they induce important policy issues at national and international level. Despite significant progress has been made in recent years, there is still no consensus on their definition. This paper aims to contribute to the contagion literature on two levels: (1) a synthesis of theoretical and empirical contributions to contagion - definition, contagion channels, classes of contagion and transmission mechanisms, the relationship between contagion and crisis; (2) a new definition of contagion.

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Bibliographic Info

Article provided by Lucian Blaga University of Sibiu, Faculty of Economic Sciences in its journal Revista Economica.

Volume (Year): 63.4-5 (2012)
Issue (Month): 4-5 ()
Pages: 20-35

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Handle: RePEc:blg:reveco:v:63.4-5:y:2012:i:4-5:p:20-35

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Postal: Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No.17, postal code 550324, Sibiu, Romania
Phone: 004 0269 210375
Fax: 004 0269 210375
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Related research

Keywords: Contagion; globalization; international financial contagion; crises;

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