Lee, Hyun-Hoon; Park, Cyn-Young; Byun, Hyung-suk - In: Journal of the Japanese and International Economies 30 (2013) C, pp. 76-95
The cross-border transmission of a financial shock has been a subject of rich literature. While a large number of studies have focused on the phenomenon of strong co-movements of asset prices and capital flows in the event of financial stress, very few discussed the contagion or spillover...