alternative monetary policy regimes is determined by the degree of financial contagion, the degree of trade openness as well as … Financial Crisis in a Foreign Economy -- 3. Responses to a Financial Crisis in Foreign Economy with Financial Contagion -- 4 …. Responses to a Financial Crisis in Foreign Economy without Financial Contagion -- 5. Responses to a Financial Crisis in Foreign …

in the contagion phenomenon. Not all crises, however, are contagious. This paper models a new channel of contagion where … the degree of anticipation of crises, through its impact on investor uncertainty, determines the occurrence of contagion …