International Financial Contagion

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Stijn Claessens, Kirsten Forbes
Springer, May 31, 2001 - Business & Economics - 466 pages
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Within less than two years, a currency crisis that began in Thailand had spread throughout East Asia, Russia, and Brazil, affecting developed economies as well as emerging markets around the world. The scope and virulence of this international financial contagion was completely unexpected. In an attempt to better understand these events, a group of leading economists from international institutions, academic universities, and the private sector gathered at a conference sponsored by the International Monetary Fund, World Bank, and Asian Development Bank. This book presents a selection of the papers given at this conference.
This is the most extensive collection to date of research on international financial contagion. It includes survey articles and policy discussions, as well as detailed theoretical models and empirical analyses. Topics range from how to define contagion, to the relative importance of real versus financial linkages, to what policies could reduce contagion in the future. Many of the chapters perform empirical tests attempting to explain why crises spread, either by focusing on a specific transmission channel or an individual country or region. The chapters in this book have made impressive strides toward better understanding the causes and channels of international financial contagion.

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International Financial Contagion
The scope and virulence of this international financial contagion was completely unexpected. In an attempt to better understand these events, ...
www1.fee.uva.nl/ fm/ PAPERS/ Claessens/ books/ fincontagion_book.htm

JSTOR: International Financial Contagion
International Financial Contagion. Edited by Stijn Claessens and Kristin J. Forbes. Boston, Dordrecht and London: Kluwer Academic Publishers, 2001. ...
links.jstor.org/ sici?sici=0022-0515(200209)40%3A3%3C934%3AIFC%3E2.0.CO%3B2-V

International Financial Contagion: How It Spreads and How It Can ...
International Financial Contagion:. How It Spreads and How It Can Be Stopped. Preliminary Contents and Contributors. I. Overview. a) Book Overview ...
www1.worldbank.org/ economicpolicy/ managing%20volatility/ contagion/ documents/ TableOfContents.pdf

What Is International Financial Contagion?
research on international financial contagion. The main finding is that ..... To construct an international financial contagion story, however, one ...
www.blackwell-synergy.com/ doi/ pdf/ 10.1111/ 1468-2362.00113

INTERNATIONAL FINANCIAL CONTAGION: WHAT DO WE KNOW?
international financial contagion. Although a professional consensus on the ... Keywords: international financial contagion, crises, fundamentals, ...
www-cfap.jbs.cam.ac.uk/ publications/ files/ WP9%20Dungey-Tambakis.pdf

Does International Financial Contagion Really Exist? G. Andrew ...
Claessens, S., and K. Forbes, 2001, International Financial Contagion, Kluwer Academic. Publishers, New York, NY. Connolly, R., and A. Wang, 2003, ...
papers.ssrn.com/ sol3/ Delivery.cfm/ SSRN_ID407320_code030526640.pdf?abstractid=407320& mirid=1

International Financial Contagion: The Theory, Evidence and Policy ...
Nonetheless, the risk of international financial contagion during future ... on international financial contagion. Do currency crises spread through direct ...
web.mit.edu/ kjforbes/ www/ Shorter%20Articles/ InternationalFinancialContagion-Theory& Evidence.pdf

International Financial Contagion: Theory and Evidence in Evolution
International Financial Contagion: Theory and Evidence in Evolution. 2. ©2002, The Research Foundation of AIMR™. abandonment of the gold standard in 1933 ...
www.cfapubs.org/ doi/ pdf/ 10.2470/ rf.v2002.n2.3918

Journal of International Financial Markets, Institutions and Money ...
In: S. Claessens and K. Forbes, Editors, International Financial Contagion, Kluwer Academic Publishers, Boston (2001), pp. 329–366. Glick and Rose, 1999. ...
linkinghub.elsevier.com/ retrieve/ pii/ S1042443102000434

A new approach to measuring financial contagion
recent conference, International Financial Contagion: How it Spreads and How it Can be Stopped, jointly. sponsored by the World Bank and IMF featured almost ...
som.yale.edu/ finance.center/ pdf/ BKS082800.PDF

About the author (2001)

Stijn Claessens is the senior economist in the Debt and International Finance Division of the International Economics Department of the World Bank. Ronald C. Duncan is chief of the International Trade Division of the International Economics Department of the World Bank.

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