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...

Celý popis

Podrobná bibliografie
Hlavní autor: Valdes, Rodrigo
Další autoři: Hernandez, Leonardo
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2001.
Edice:IMF Working Papers; Working Paper ; No. 2001/029
On-line přístup:Full text available on IMF