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Tekijä: | Hernandez, L. F. Valdes, R. O. |
Otsikko: | What drives contagion: trade, neighborhood, or financial links? |
Lehti: | International Review of Financial Analysis
2001 : VOL. 10:3, p. 203-218 |
Asiasana: | ECONOMIC CRISIS STOCK MARKETS BRAZIL RUSSIA THAILAND |
Vapaa asiasana: | BOND SPREADS CONTAGION |
Kieli: | eng |
Tiivistelmä: | This paper presents evidence on the relative importance of alternative contagion channels during the Thai, Russian, and Brazilian crises. Results show that when crises are measured by changes in sovereign bond spreads, financial competition seems to explain almost all contagion episodes. |
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