Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Monetary and Exchange Affairs Department.
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| ISBN: | 1283513455
9781283513456
9781451919752
1451919751
1462339573
9781462339570
1452750033
9781452750033
9786613825902
6613825905
9781451875157
1451875150
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| Notes: | Cover title.
"December 2002"--Page 1
At head of title: Monetary and Exchange Affairs Department.
Includes bibliographical references (pages 32-36).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | There have been several episodes of financial market "contagion" in the 1990s. Is contagion driven by herd behavior? Does it reflect fundamental economic linkages between countries? Or are episodes of contagion driven by investor learning and risk reassessment about a select group of countries? We pursue these questions by studying the persistence in the spillover of shocks following the bond market developments in Hong Kong SAR in 1997. Our results suggest that this contagion, at least for a few countries, was a consequence of adverse sentiment shifts arising from investor learning and was not merely driven by changes in fundamentals.
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| Other form: | Print version: Basu, Ritu. Financial contagion and investor "learning". [Washington, D.C.] : International Monetary Fund, ©2002
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| Standard no.: | 10.5089/9781451919752.001
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