Much of the current debate on reforming the international financial architecture is aimed at reducing the risks of contagion best defined as a significant increase in cross market linkages after a shock to an individual country (or group of countries). This definition highlights the importance of other links through which shocks are normally transmitted including trade and finance. During times of crisis, the ways in which shocks are transmitted do...
更多显示
详细
-
2000/08/01
-
日志文章
-
76646
-
1
-
1
-
2013/04/15
-
Disclosed
-
Contagion: understanding how it spreads
-
empirical evidence