We study the informational channel of financial contagion in the laboratory. In our experiment, two markets with … correlated fundamentals open sequentially. In both markets, subjects receive private information. Subjects in the market opening … information is only imperfectly aggregated, subjects are able to make correct inferences based on the public information coming …

We study the informational channel of financial contagion under laboratory conditions. In our experiment, two markets … with correlated fundamentals open sequentially and in both of them subjects receive private information. Subjects in the … markets private information is only imperfectly aggregated, subjects are able to make correct inferences based on the public …

We study the informational channel of financial contagion in the laboratory. In our experiment, two markets with … correlated fundamentals open sequentially. In both markets, subjects receive private information. Subjects in the market opening … information is only imperfectly aggregated, subjects are able to make correct inferences based on the public information coming …

We design a laboratory experiment to test the importance of wealth as a channel for financial contagion across markets …

We design a laboratory experiment to test the importance of wealth as a channel for financial contagion across markets …

have an incentive to acquire costly information about exposures across countries to infer whether their monetary authority …'s ability to defend its currency is weakened. Information acquisition per se increases the likelihood of speculative currency …

We develop an operational model of information contagion and show how it may be integrated into a mainstream, top …