Abreu, Marcelo de Paiva; Mello, João Manoel Pinho de; … - Departamento de Economia, Pontifícia Universidade … - 2007
We document a novel type of international financial contagion whose driving force is shared financial intermediation. In the London peripheral sovereign debt market during pre-1914 period financial intermediation played a major informational role to investors, most likely because of the absence...