Dungey, Mardi; Jacobs, Jan P.A.M.; Lestano - In: The North American Journal of Economics and Finance 32 (2015) C, pp. 29-47
Financial crises are high cost events which can transmit across international borders. Using data from 1883 to 2008, this article develops a means of mapping changes in the degree of international synchronisation of banking and currency crises through a formal concordance index. This index...