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Notes on contagion

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

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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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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