Karmann, Alexander; Herrera, Rodrigo - In: Review of Development Economics 18 (2014) 2, pp. 354-371
We analyze empirically the existence and the extent of financial contagion by means of extreme value theory in the Asian crisis. We consider two key markets, the stock exchange and the foreign exchange using daily data in the period 1992–2001. We present several notions of financial contagion...
