regions in the long run; and second, the strength of cross-country “contagion” effects. The paper’s findings suggest that both …, using impulse response functions, the paper shows that cross-country contagion effects of country-specific shocks dissipate … in a matter of weeks while contagion effects of global shocks take several months to unwind themselves …

of financial contagion.The structure of the global financial network has changed since the global financial crisis … and contagion remain similar in that network is highly susceptible to shocks from central countries and those with large …

jurisdictions, suggesting that these ought to be the focus of risk-based surveillance on cross-border spillovers and contagion. In …

(SIFIs), analyse the nature of contagion propagation, and also monitor and design ways of increasing robustness in the … that the failure of any member of the central tier will bring down other members with the contagion coming to an abrupt end …

14 developing and industrial countries. The results show that contagion was systemic during the period, with industrial … importance of studying them jointly. An implication of the empirical results is that models of contagion that exclude industrial …

This paper interprets contagion effects as an increase in the volatility of aggregate shocks impinging on the domestic … banks borrow at a premium on world capital markets, and domestic producers (whose demand for credit results from working …

Models of “contagion” rely on market imperfections to explain why adverse shocks in one asset market might be … associated with asset sales in many unrelated markets. This paper demonstrates that contagion can be explained with basic … do not have significantly different consequences for portfolio rebalancing and contagion than other rules. The paper …