Abstract A spatial model is used to specify and then test for the existence of contagion among emerging market … economies. We consider both trade and regional channels of contagion. Our results suggest that contagion is a statistically … results also suggest that trade links are significant channels of contagion transmission; on the other hand, geographic …

This paper investigates contagion effects. In a model with highly and lowly informed investors we show that a currency … (1997/98). Using a LOGIT approach we can show that contagion, in the sense of a crisis not explainable by economic …

This paper investigates contagion effects. In a model with highly and lowly informed investors we show that a currency … (1997/98). Using a LOGIT approach we can show that contagion, in the sense of a crisis not explainable by economic …

related payment and settlement systems. At the heart of systemic risk are contagion effects, various forms of external effects … rigorous models of bank and payment system contagion have now been developed, although a general theoretical paradigm is still … missing. Direct econometric tests of bank contagion effects seem to be mainly limited to the United States. Empirical studies …

This paper investigates contagion effects. In a model with highly and lowly informed investors we show that a currency … (1997/98). Using a LOGIT approach we can show that contagion, in the sense of a crisis not explainable by economic …

This paper investigates contagion effects. In a model with highly and lowly informed investors we show that a currency … (1997/98). Using a LOGIT approach we can show that contagion, in the sense of a crisis not explainable by economic …

currency crisis even in another unrelated country without capital linkage. Although the presence of contagion itself is not new …, it does not necessarily mean that it will never suffer contagion from some other country with better economic …

currency crisis. The model proposes a new contagion channel and shows how a currency crisis can spread from one country to … distinguish between whether a crisis is a coincidence or due to contagion when it happens in two countries. It finds that the … better the economic fundamentals in the originating crisis country, the more severe the contagion under certain conditions …

related payment and settlement systems. At the heart of systemic risk are contagion effects, various forms of external effects … rigorous models of bank and payment system contagion have now been developed, although a general theoretical paradigm is still … missing. Direct econometric tests of bank contagion effects seem to be mainly limited to the United States. Empirical studies …