improving, makes countries more dependent on other countries' fundamentals so that it may induce more contagion: a negative …

This paper develops a quantitative model of contagion of financial crisis and sovereign default for small open … explanation of the contagion of financial crises. The model shows that whenever a country suffers a domestic shock that forces it …, producing a contagion of the crisis in those countries whose fundamentals are not solid enough. Also, even when the crisis in a …

2002. We test for financial contagion from the Argentine crisis and the impact of factors including IMF intervention and …

Against the backdrop of the contagion literature, the paper analyses the impact of financial and trade linkages on …. Second, the structure of international trade helps to account for the geographic scope of contagion, even after controlling …

intervention have stronger effects beyond borders. We provide a model of international contagion allowing for bank bailouts. While …