Banking Authority should have sufficient powers and resources to ensure that a system based on national supervision leads to …

In this article, tests for globalization and contagion are separated using an ex ante definition of crises, and … contagion tests are neutralized with respect to globalization effects. A large database is constructed to study the stability of … combination of globalization and flight to quality, while emphasizing that contagion on the equity markets appears as an artifact …

stress, very few discussed the contagion or spillover effects in terms of capital flow volatility. This paper is one of the … 1980–2009, the empirical results suggest strong and significant contagion effects in the volatility of capital flows to … individual economies. The magnitudes of contagion vary depending on the type of capital flows, whether it is foreign direct …

offer an operational definition of contagion to examine European Economic and Monetary Union (EMU) countries public debt … period, and the intensification of causality recorded in 70% of the cases provide clear evidence of contagion in the …

financial contagion across countries and sectors and finds that the crisis led to an increased co-movement of returns among …

contagion of the U.S. financial crisis by constructing shock models for partially overlapping and non-overlapping markets. There … exists important bi-directional, yet asymmetric, interdependence and contagion in emerging markets, with important regional … variations. Interdependence is driven more by U.S. shocks, while contagion is driven more by emerging market shocks. Frontier …

This paper utilizes a new contagion test based on case-resampling bootstrap technique to investigate whether there is … any contagion effect in the interaction of the US real estate market with those of Australia, Japan and the UK arising out … contagion effect. Its relationship with the other markets is rather characterized by dependency behavior that prevails …