Contagion: Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria
Several concepts of contagion are distinguished. It is argued that only models that admit of multiple equilibria are capable of producing true contagion. A simple balance of payments model is presented to illustrate that phenomenon, and some back-of-the-envelope calculations assess its relevance to...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1998
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 98/142 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Several concepts of contagion are distinguished. It is argued that only models that admit of multiple equilibria are capable of producing true contagion. A simple balance of payments model is presented to illustrate that phenomenon, and some back-of-the-envelope calculations assess its relevance to the coincidence of emerging market crises in 1994-95 and in 1997 |
| Beschreibung: | 1 Online-Ressource (32 p) |
| ISBN: | 1451856229 9781451856224 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:25Z |
| indexdate | 2024-07-10T09:35:33Z |
| institution | BVB |
| isbn | 1451856229 9781451856224 |
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| spelling | Masson, Paul R. Verfasser aut Contagion Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria Masson, Paul R Washington, D.C International Monetary Fund 1998 1 Online-Ressource (32 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/142 Several concepts of contagion are distinguished. It is argued that only models that admit of multiple equilibria are capable of producing true contagion. A simple balance of payments model is presented to illustrate that phenomenon, and some back-of-the-envelope calculations assess its relevance to the coincidence of emerging market crises in 1994-95 and in 1997 Online-Ausg http://elibrary.imf.org/view/IMF001/01355-9781451856224/01355-9781451856224/01355-9781451856224.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Masson, Paul R. Contagion Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria |
| title | Contagion Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria |
| title_auth | Contagion Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria |
| title_exact_search | Contagion Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria |
| title_exact_search_txtP | Contagion Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria |
| title_full | Contagion Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria Masson, Paul R |
| title_fullStr | Contagion Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria Masson, Paul R |
| title_full_unstemmed | Contagion Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria Masson, Paul R |
| title_short | Contagion |
| title_sort | contagion monsoonal effects spillovers and jumps between multiple equilibria |
| title_sub | Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria |
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