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Abstract. Financial contagion is modeled as an equilibrium phenomenon. Because liquidity preference shocks are imperfectly correlated across regions, banks hold interregional claims on other banks to provide...
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Financial contagion is modeled as an equilibrium phenomenon....
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Financial contagion is modeled as an equilibrium phenomenon....
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18 de mar. de 2023 · Financial contagion is the spread of an economic crisis from one market or region to another and can occur at domestic or international levels. It can affect goods, services, labor, and capital goods across markets connected by monetary and financial systems. Learn how financial contagion occurs, its implications for portfolio management, trading, and policy, and see examples of recent events.
Financial contagion refers to "the spread of market disturbances – mostly on the downside – from one country to the other, a process observed through co-movements in exchange rates, stock prices, sovereign spreads, and capital flows". [1] .
21 de jul. de 2003 · We first review the different definitions and measures of contagion adopted by the literature. We then use a simple multi-country asset pricing model to classify the main elements of the current debate on contagion and provide a stylized account of how a crisis in one country can spread to the world economy.
1 de jul. de 2022 · This paper provides a review of conceptual approaches to studying financial contagion at four levels of information transmission: (i) Catalyst of contagion; (ii) Media attention; (iii) Spillover effect at financial markets; (iv) Macroeconomic fundamentals.
31 de ene. de 2021 · Financial contagion is often defined as the propagation of shocks among actors in markets, while excessive correlation and interconnectivity of markets, actors or investment strategies are seen as reasons for its spread.
5 de abr. de 2023 · The current research mainly focuses on understanding the causes and consequences of past financial crises and recessions, examining the network effects of banks and other important financial institutions on risk contagion, developing new systematic approaches to modelling financial contagion, and providing empirical evidences for financial conta...
