Vanishing Contagion?:
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 m...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2006
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Schriftenreihe: | IMF Policy Discussion Papers
Policy Discussion Paper No. 06/01 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (24 p) |
ISBN: | 1451946066 9781451946062 |
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spelling | Mauro, Paolo Verfasser aut Vanishing Contagion? Mauro, Paolo Washington, D.C International Monetary Fund 2006 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Policy Discussion Papers Policy Discussion Paper No. 06/01 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 Online-Ausg Didier, Tatiana Sonstige oth Schmukler, Sergio L. Sonstige oth http://elibrary.imf.org/view/IMF003/07775-9781451946062/07775-9781451946062/07775-9781451946062.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Mauro, Paolo Vanishing Contagion? |
title | Vanishing Contagion? |
title_auth | Vanishing Contagion? |
title_exact_search | Vanishing Contagion? |
title_exact_search_txtP | Vanishing Contagion? |
title_full | Vanishing Contagion? Mauro, Paolo |
title_fullStr | Vanishing Contagion? Mauro, Paolo |
title_full_unstemmed | Vanishing Contagion? Mauro, Paolo |
title_short | Vanishing Contagion? |
title_sort | vanishing contagion |
url | http://elibrary.imf.org/view/IMF003/07775-9781451946062/07775-9781451946062/07775-9781451946062.xml |
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