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 …

This paper presents evidence on the relative importance of alternative contagion channels during the Thai, Russian, and … to explain almost all contagion episodes. However, when crises are measured by stock market returns, trade links and … neighborhood effects appear to be relevant contagion channels during the Thai and Brazilian crises, while financial competition …

While a number of emerging market crises were characterized by widespread contagion during the 1990s, more recent … whether contagion might have become a feature of the past, with markets now better discriminating between countries with good … and bad fundamentals. This paper argues that a prudent working assumption is that contagion has not vanished permanently …

This paper proposes a model encompassing alternative views of contagion by highlighting the different channels of … channel of contagion. The possible stabilization effects of capital controls and Tobin tax on the international transmission …

fiscal guarantees, respectively occurring in November 2009 and February/March 2010. We argue that the risk of contagion to …

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 …

fiscal guarantees, respectively occurring in November 2009 and February/March 2010. We argue that the risk of contagion to …

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 …