world. Unstable cross-market linkages during a crisis are referred to as financial contagion. We simulate crisis … contagion under alternative scenarios. Using a minority game approach, we develop an agent-based multinational model and … investigate the reasons for contagion. Although the phenomenon has been extensively investigated in the financial literature, it …

In this paper we examine whether during the 1997 East Asian crisis there was any contagion from the four largest … France). Following Forbes and Rigobon (2002), we test for contagion as a significant positive shift in the correlation …)identifying restrictions. The estimation results provide some evidence of contagion, in particular from Japan (the major nternational lender in …