Vanishing Financial Contagion?
While a number of crises in emerging markets generated widespread contagion in financial markets during the 1990s, more recent crises (notably, in Argentina) have been mostly contained within national borders. This has led some observers to wonder whether contagion might have become a feature of the...
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okr-10986-56502021-04-23T14:02:23Z Vanishing Financial Contagion? Didier, Tatiana Mauro, Paolo Schmukler, Sergio L. Current Account Adjustment Short-term Capital Movements F320 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 International Linkages to Development Role of International Organizations O190 While a number of crises in emerging markets generated widespread contagion in financial markets during the 1990s, more recent crises (notably, in Argentina) have been mostly contained within national borders. This has led some observers to wonder whether contagion might have become a feature of the past, with financial markets now better discriminating between emerging countries with good and bad fundamentals. Available data suggest that the main channels that contribute to transmitting financial crises across countries are--if anything--even stronger today than in the 1990s. Moreover, anticipation by international investors may help to explain the near-absence of contagion in the context of the Argentine crisis. This paper argues that a prudent working assumption is that financial contagion has not vanished. 2012-03-30T07:33:51Z 2012-03-30T07:33:51Z 2008-09 Journal Article Journal of Policy Modeling 01618938 http://hdl.handle.net/10986/5650 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Journal Article Argentina |
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Digital Repository |
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Foreign Institution |
institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
collection |
World Bank |
language |
EN |
topic |
Current Account Adjustment Short-term Capital Movements F320 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 International Linkages to Development Role of International Organizations O190 |
spellingShingle |
Current Account Adjustment Short-term Capital Movements F320 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 International Linkages to Development Role of International Organizations O190 Didier, Tatiana Mauro, Paolo Schmukler, Sergio L. Vanishing Financial Contagion? |
geographic_facet |
Argentina |
relation |
http://creativecommons.org/licenses/by-nc-nd/3.0/igo |
description |
While a number of crises in emerging markets generated widespread contagion in financial markets during the 1990s, more recent crises (notably, in Argentina) have been mostly contained within national borders. This has led some observers to wonder whether contagion might have become a feature of the past, with financial markets now better discriminating between emerging countries with good and bad fundamentals. Available data suggest that the main channels that contribute to transmitting financial crises across countries are--if anything--even stronger today than in the 1990s. Moreover, anticipation by international investors may help to explain the near-absence of contagion in the context of the Argentine crisis. This paper argues that a prudent working assumption is that financial contagion has not vanished. |
format |
Journal Article |
author |
Didier, Tatiana Mauro, Paolo Schmukler, Sergio L. |
author_facet |
Didier, Tatiana Mauro, Paolo Schmukler, Sergio L. |
author_sort |
Didier, Tatiana |
title |
Vanishing Financial Contagion? |
title_short |
Vanishing Financial Contagion? |
title_full |
Vanishing Financial Contagion? |
title_fullStr |
Vanishing Financial Contagion? |
title_full_unstemmed |
Vanishing Financial Contagion? |
title_sort |
vanishing financial contagion? |
publishDate |
2012 |
url |
http://hdl.handle.net/10986/5650 |
_version_ |
1764395817666347008 |