Contagion: Recent Models in International Finance Literature

    Authors:

    Can Sever

    Citation:

    Sever, C. (2016). Contagion: Recent Models in International Finance Literature. Bulletin of Business and Economics, 5(2), 59-66.

    Abstract:

    Due to intensified economic globalization, cross-country linkages have become the channel through which country-specific shocks may affect financial conditions and macroeconomic variables across borders. Since financial crises of 1990s, crisis propagation has become a contentious issue. Especially after the recent global financial crisis, contagion has attracted considerable attention both from the academia and policymakers. This survey investigates recent model-based approaches on contagion in international finance literature.

    Keywords:

    Contagion, international financial integration, international business cycles, interdependence, financial crisis, shock transmission

    Jel Code:

    F15, F36, F41, F44, F62, G15, G21

    Article Type:

    Research Article

    Pages:

    59-66

    Publisher:

    Research Foundation for Humanity (RFH)

    Download PDF File | 887 Paper Views