Dungey, Mardi; Fry, Renée; Martin, Vance L. - In: Asian Economic Papers 5 (2006) 2, pp. 32-72
This paper examines the empirical literature on financial market contagion in Asia during the 1997-98 financial crises with respect to existing tests of contagion. Empirical evidence shows that contagion affects both developed and emerging markets and does not seem to vary with the relative...