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What is Financial Contagion Explained about?
The document discusses financial contagion, where crises in some countries quickly spread to others. It analyzes past contagion events like the Asian Financial Crisis and Russian crisis in the late 1990s. It also examines non-contagion events like crises in Brazil, Turkey, and Argentina that did not immediately spread. The paper aims to understand why some crises contagiously spread while others do not.
- Author
- Gülşah Sütçü
- Language
- EN