Dornbusch, Rudiger; Park, Yung Chul; Claessens, Stijn - In: World Bank Research Observer 15 (2000) 2, pp. 177-97
Much of the current debate on reforming the international financial architecture is aimed at reducing the risks of contagion--best defined as a significant increase in cross-market linkages after a shock to an individual country (or group of countries). This definition highlights the importance...