Hidden Bibliographic Details
| Other authors / contributors: | Mauro, Paolo, author.
Schmukler, Sergio L., author.
International Monetary Fund. Research Department.
International Monetary Fund.
|
|---|
| ISBN: | 9781451946062
1451946066
|
|---|
| Notes: | "January 2006."
Includes bibliographical references (pages 20-22).
Print version record.
|
|---|
| Summary: | 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.
|
|---|
| Other form: | Print version: Didier, Tatiana. Vanishing contagion? [Washington, D.C.] : International Monetary Fund, Research Dept., 2006
|
|---|
