Hondroyiannis, George; Kelejian, Harry; Tavlas, George - In: Spatial Economic Analysis 4 (2009) 2, pp. 191-211
Abstract A spatial model is used to specify and then test for the existence of contagion among emerging market economies. We consider both trade and regional channels of contagion. Our results suggest that contagion is a statistically significant factor in foreign exchange markets and,...