International Financial Contagion . Contagion in Financial Markets

Emerging market economy financial crises in recent years have often quickly spread to other countries. Several aspects of these 'contagious crises' are particularly intriguing. Why do some crises spread quickly and widely, while others are constrained to a narrow group of countries? How is financial distress transmitted across countries? Are these spillover channels changing through time? Do crises spread purely to countries with existing vulnerabilitites or do crises open up new fault lines? And can (or should) individual countries or the international community do anything to limit the potential for shocks to have harmful effects elsewhere? These two books examine these key questions and aim to provide a better understanding of how crises can be propagated. International Financial Contagion is a collection of papers presented at a conference on 'International financial contagion: how it spreads and how it can be stopped' that took place at the International Monetary Fund in February 2000. It brings together representatives from International Institutions and private sectors, and leading academics to examine these questions

Business · Economics · Emerging markets · Financial contagion · Financial crisis · Financial market · Financial system · International economics · International finance · Macroeconomics · Spillover effect · Finance · Global Financial Crisis and Policies