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NYU-Stern

Studies of Contagion

Trade and Contagious Devaluations: A Welfare-Based Approach by Giancarlo Corsetti, Paolo Pesenti, Nouriel Roubini and Cedric Tille (revised December 1998)

Contagion and Trade: Why Are Currency Crises Regional? by Reuven Glick and Andrew K. Rose NBER WP #6806 (11/98)

Measuring Stock Market Contagion: Conceptual Issues and Empirical Tests by Kristin Forbes and Roberto Rigobon (8/98)

Volatility and Contagion in a Financially Integrated World: Lessons from East Asia's Recent Experience by Pedro Alba, Amar Bhattacharya, Stijn Claessens, Swati Gosh, and Leonardo Hernandez (11/98)

Understanding The Russian Virus (with special reference to Latin America) by Guillermo Calvo (10/98)

Contagion, Bank Lending Spreads and Output Fluctuations by P.R. Agenor, J. Aizenman and A. Hoffmaister NBER WP #6850 (12/98)

The Channels for Financial Contagion, Matt Pritsker

Crisis Transmission: Evidence from the Debt, Tequila, and Asian Flu Crises, Jose De Gregorio, and Rodrigo O. Valdes.

Financial Contagion in the East Asian Crisis-With Special Reference to the Republic of Korea, Yung Chul Park and Chi-Young Song

Financial Contagion: Spillovers through Banking Centers, Caroline Van Rijckeghem and Beatrice Weder

International Contagion: Implications for Policy, Roberto Chang and Giovanni Majnoni, October 1999.

The International Transmission of Financial Crises before World War II: Was there Contagion?Michael D. Bordo and Antu P. Murshid, November 1999.

Looking for Contagion: Evidence from the 1992 ERM Crisis, Carlo A. Favero and Francesco Giavazzi

 Measuring Contagion: Conceptual and Empirical Issues, Kristin Forbes and Roberto Rigobon

The Portfolio Flows of International Investors, I, Kenneth A. Froot, Paul G. J. O’Connell, Mark S. Seasholes

Thai Meltdown and Transmission of Recession within ASEAN4 and NIE4, Tilak Abeysinghe

On the Measurement of Contagion by Roberto Rigobon (12/98)

No Contagion, Only Interdependence: Measuring Stock Market Co-movements by Kristin Forbes and Roberto Rigobon (11/98)

Was China the First Domino? Assessing Links between  China and the Rest of Emerging Asia by  John G. Fernald, Hali J. Edison, and Prakash Loungani

Crises, Contagion, and the Closed-End Country Fund Puzzle by Eduardo Levy Yeyati and Angel Ubide, IMF (9/98)

Financial Market Contagion in the Asian Crisis by Taimur Baig and Ilan Goldfajn, IMF (12/98)

Emerging Market Crises: An Asset Markets Perspective by Ricardo J. Caballero and Arvind Krishnamurthy NBER WP #6843 (12/98)

Interest Rate Volatility, Capital Controls, and Contagion by Sebastian Edwards NBER Working Paper No. 6756 (10/98)

"Contagion, Monsoons, and Domestic Turmoil in Indonesia: A Case Study in the Asian Currency Crisis" by Valerie Cerra and Sweta Chaman Saxena (10/98)

Contagion-Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria by Paul Masson (IMF 10/98)

Crises, Contagion, and the Closed-End Country Fund Puzzle by Eduardo Levy Yeyati and Angel Ubide (IMF 10/98)

Does Financial Reform Increase or Reduce Savings? by Oriana Bandiera, Gerard Caprio, Jr., Patrick Honohan, and Fabio Schiantarelli (2/99)

Diversification and Efficiency of Investment by East Asian Corporations by Stijn Claessens, Simeon Djankov, Joseph P. H. Fan, and Harry H. P. Lang (2/98)

Capital Inflow Reversals, Banking Stability, and Prudential Regulation in Central and Eastern Europe by Samuel Talley, Marcelo M. Giugale, and Rossana Polastri, World Bank (12/98)

Corporate Growth, Financing, and Risks in the Decade before East Asia's Financial Crisis by Stijn Claessens, Simeon Djankov, and Larry Lang (11/98)

Banking on Crises: Expensive Lessons from Recent Financial Crises by Gerard Caprio, Jr., World  Bank (9/98)