Russia. The adopted framework allows to analyse interdependence by estimating volatility spillovers, and also contagion by … evidence on possible changes in the transmission mechanism (namely, on whether there is contagion) can be obtained by examining … spillovers between the three CEECs considered and the UK (contagion). …

of individual bond markets in recent years has been impressive, the threat of financial contagion to emerging Asian bond …

In this thesis different definitions of financial contagion are explored. These definitions are applied to test for … evidence of contagion on a number of stock markets and during several turbulent periods. First, we investigate the question … calm market and emerging crisis markets. Additionally, we explore the direction of spillovers and contagion effects between …

financial sector and factors that explain why these strains lead to system-wide contagion and a possible credit crunch. Most of … that a financial crisis with its contagion within the system is caused by failures of legal, regulatory and political … crises would be reduced if appropriate institutions could be put in place Lacking appropriate institutions to avoid contagion …