, and data from the Mexican, Asian, and Russian crises to provide evidence of this discriminating contagion, after … controlling for alternative channels of contagion such as trade spillovers and financial linkages. …

information asymmetry by not rescuing the first-hit country. At the same time, it limits crisis contagion by rescuing countries in …

This paper proposes a new measure of contagion that is good at anticipating future vulnerabilities. Building on … previous work, it uses correlations of equity markets across countries to measure contagion, but in a departure from previous … practice it measures contagion using the relationship of these correlations with distance. Also in contrast to previous work …

This paper discusses a "pure" form of financial contagion, unrelated to economic fundamentals - investors' shifting … contagion and domestic fundamentals as the immediate source of a crisis. Daily measures of risk appetite are computed and their …