van Horen, Neeltje; Jager, Henk; Klaassen, Franc - 2011
. Additionally, we control for spillovers and common external shocks. We find evidence of contagion from Thailand to Indonesia and … pressure (EMP) of Thailand, the origin of the crisis, on the EMP of four Asian crisis countries increased during the crisis … Malaysia, with 13 and 21 percent of the pressure on the respective currencies attributable to contagion. For Korea and the …