Yang, Hsin-Feng; Liu, Chih-Liang; Chou, Ray Yeutien - In: The North American Journal of Economics and Finance 28 (2014) C, pp. 242-264
During the 2007–2009 financial crisis, US subprime mortgage risk exposures led to severe liquidity problems in several other foreign markets. Such risk contagion was caused by enormous changes in interest rates. Although risk contagion has been investigated by several literatures, the...