Correlation, contagion, and Asian evidence
This paper examines the empirical literature on financial market contagion in Asia during the 1997–98 financial crises with respect to existing tests of contagion. Empirical evidence shows that contagion affects both developed and emerging markets and does not seem to vary with the relative fundamental economic health or trade and financial linkages of the Asian economies. Contagion occurs across both asset types and geographical borders and tends to have larger effects in equity markets...[Show more]
|Collections||ANU Research Publications|
|Source:||Asian Economic Papers 5.2 (2006): 32-72|
|McKibbin_CorrelationContagionAndAsianEvidence_2006.pdf||647.42 kB||Adobe PDF|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.