Støve, Bård; Tjøstheim, Dag; Hufthammer, Karl Ove - Institutt for foretaksøkonomi, Norges Handelshøyskole … - 2010
This paper examines financial contagion, that is, whether the cross-market linkages in financial markets increases after a shock to a country. We introduce the use of a new measure of local dependence (introduced by Hufthammer and Tjøstheim (2009)) to study the contagion effect. The central...