allowed to depend on macroeconomic conditions as well as on unobservable credit risk factors, which can capture contagion …

the real-time estimates of the model to characterize contagion among the ten series. Our procedure allows the country that … triggers contagion in each period, which can be any peripheral economy, to be disentangled. According to our findings, since … the onset of the sovereign debt crisis, contagion has played a non-negligible role in the European peripheral countries …

increased during and after the crisis. However, we found weak support for contagion in the pre-crisis period. …

This study examines stock market contagion from the United States to the markets of the GCC countries during the period … that the collapse of the GCC stock markets did not result purely from contagion, in the sense that these markets did not …

have sparked and induced contagion. This study further extends the existing research by identifying and testing three … financial market variables to trace the alleged origin and the subsequent path of the contagion during the 1997 Asian Crisis … strong support for contagion. We further extend the analysis by looking at the impulse responses. The results still do not …

This paper builds a general test of contagion in financial markets based on bivariate correlation analysis – a test … that can be interpreted as an extension of the normal correlation theorem. Contagion is defined as a structural break in … contagion is successful in controlling for a potential bias induced by changes in the variance of global shocks, current tests …

contagion risk in the accumulation process, and the outlook of regional arrangements of cooperation, such as regional reserve …

earnings either in that same year or within the past two years. We also find evidence of earning management contagion at the … past two years. Furthermore, we find that earnings management contagion is stronger when it’s the shared director has a … also a director at another firm is associated with stronger contagion relative to other board positions of shared directors …

This dissertation describes different conceptions of economic crises and different conceptions of contagion effects …. There is a survey of theoretical and empirical studies concerning contagion effects on financial markets. A theoretical … model describes a single contagion mechanism caused by information updating by investors. There is further an investigation …