The term interdependence and contagion describe a feature of financial crises that have engulfed a number of countries in the world. Contagion is said to be present when cross-market linkages after a shock to one country increase significantly at the times of crises compared to tranquil periods whereas interdependence refers to a high market co-movements in all periods. Recent literature identified the existence of such crises and has been the subject of lively debate. This book examines on the presence of such contagion in Asian countries during financial crises. It begins by...
The term interdependence and contagion describe a feature of financial crises that have engulfed a number of countries in the world. Contagion is sai...