Bulletin of Business and Economics (BBE)ISSN - 2414-1771 (Print)
ISSN - 2409-9368 (Online)
Contagion: Recent Models in International Finance Literature
Sever, C. (2016). Contagion: Recent Models in International Finance Literature. Bulletin of Business and Economics, 5(2), 59-66.
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.
Contagion, international financial integration, international business cycles, interdependence, financial crisis, shock transmission
F15, F36, F41, F44, F62, G15, G21
Research Foundation for Humanity (RFH)
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