Vanishing contagion? /

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Bibliographic Details
Author / Creator:Didier, Tatiana, author.
Imprint:[Washington, D.C.] : International Monetary Fund, Research Dept., 2006.
Description:1 online resource (22 pages) : illustrations.
Series:IMF policy discussion paper ; PDP/06/1
IMF policy discussion paper ; PDP/06/1.
Subject:Financial crises -- Econometric models.
Crises financières -- Nouveaux pays industrialisés.
Intégration économique internationale.
Financial crises -- Econometric models.
Nouveaux pays industrialisés -- Intégration économique.
Format: E-Resource Book
URL for this record:
Hidden Bibliographic Details
Other authors / contributors:Mauro, Paolo, author.
Schmukler, Sergio L., author.
International Monetary Fund. Research Department.
International Monetary Fund.
Notes:"January 2006."
Includes bibliographical references (pages 20-22).
Print version record.
Summary:While a number of emerging market crises were characterized by widespread contagion 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 markets now better discriminating between countries with good and bad fundamentals. This paper argues that a prudent working assumption is that contagion has not vanished permanently. Available data do not seem to point to a disappearance of the main channels that contribute to transmitting crises across countries. Moreover, anticipation of the Argentine crisis by international investors may help explain the recent absence of contagion.
Other form:Print version: Didier, Tatiana. Vanishing contagion? [Washington, D.C.] : International Monetary Fund, Research Dept., 2006