search query: @author Kaminsky, G.L. / total: 2
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| Author: | Kaminsky, G.L. Reinhart, C.M. |
| Title: | On crises, contagion, and confusion |
| Journal: | Journal of International Economics
2000 : JUN, VOL. 51:1, p. 145-168 |
| Index terms: | Economic theory Crises Management International trade Models Asia Europe Latin America |
| Freeterms: | Global economy Impact analysis |
| Language: | eng |
| Abstract: | Since the Tequila crisis of 1994-1995, the Asian flu of 1997 and the Russian virus of 1998, economists have been busy producing research on the subject of contagion. Yet, few studies have examined empirically through which channels the disturbances are transmitted if there are, indeed, fundamental reasons for the spillovers observed. An attempt is made to fill this gap by analyzing how both trade links and the largely ignored financial sector links influence the pattern of fundamentals-based contagion. The role of international bank lending, the potential for cross-market hedging and bilateral and third party trade in the propagation of crises are examined. |
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