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Notes on contagion

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  • Reinhart, Carmen
  • Kaminsky, Graciela
  • Goldstein, Morris

Abstract

This note reviews the theories as to why financial crises spill over across national boundaries. We discuss alternative frameworks ranging from bilateral trade links to more complex financial interconnections via banks and other investors. We review the evidence on which channels of contagion mattered most in the numerous financial crises episodes of the 1990s.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 24569.

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Date of creation: 2000
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Handle: RePEc:pra:mprapa:24569

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Keywords: International financial contagion; trade; banks; stock markets;

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References

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Cited by:
  1. Olfa Kaabia & Ilyes Abid, 2012. "Theoretical Channels of International,Transmission During the Subprime Crisis to OCDE Countries : A FAVAR Model Under Bayesian Framework," EconomiX Working Papers 2012-40, University of Paris West - Nanterre la Défense, EconomiX.

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