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What is Understanding Financial Contagion about?

This document discusses financial contagion, providing definitions and theories of contagion as well as channels through which it can spread. It examines contagion in Central and Eastern European countries during the financial crisis. While these countries did not directly contribute to the crisis, some were vulnerable due to factors like large current account deficits, high inflation, foreign ownership of banks, and foreign currency loans. The crisis spread to the region through economic and financial chan

Author

buse boz

Language

EN