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The Financial Crisis of 2008, Credit Markets and Effects on Developed and Emerging Economies

Book ID
116647900
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
96 KB
Volume
6
Category
Article
ISSN
1572-3089

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Testing for financial contagion between
Testing for financial contagion between developed and emerging markets during the 1997 East Asian crisis
✍ Philip Arestis; Guglielmo Maria Caporale; Andrea Cipollini; Nicola Spagnolo πŸ“‚ Article πŸ“… 2005 πŸ› John Wiley and Sons 🌐 English βš– 119 KB

In this paper we examine whether during the 1997 East Asian crisis there was any contagion from the four largest economies in the region (Thailand, Indonesia, Korea and Malaysia) to a number of developed countries (Japan, UK, Germany and France). Following Forbes and Rigobon, we test for contagion a