1 option
Vanishing Contagion? / Paolo Mauro, Tatiana Didier, Sergio Schmukler.
- Format:
- Book
- Government document
- Author/Creator:
- Mauro, Paolo.
- Series:
- IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2006/001
- IMF Policy Discussion Papers
- Language:
- English
- Physical Description:
- 1 online resource (24 p.)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2006.
- 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.
- Notes:
- Description based on print version record.
- ISBN:
- 9781455274093
- 1455274097
- 9781452752358
- 1452752354
- 9781451946062
- 1451946066
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.