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What is Financial Contagion

Chapter 16
Handbook of Research on Financial and Banking Crisis Prediction through Early Warning Systems
Refers to “the spread of market disturbances -- mostly on the downside -- from one country to the other, a process observed through co-movements in exchange rates, stock prices, sovereign spreads, and capital flows.
Published in Chapter:
Developing EWS Models for Contemporary Crises Using Extreme Value Binary Models: The Cases of Eurozone and Argentinian Peso (2014)
Dimitrios K. Dapontas (University of Peloponnese, Greece)
Copyright: © 2016 |Pages: 21
DOI: 10.4018/978-1-4666-9484-2.ch016
Abstract
This chapter is presenting the most contemporary crises following the 2008 credit crunch and small scale following crises. Our sample consists of five countries (Cyprus, Greece, Ireland, Portugal and Argentine respectively) hit by crisis during 2010's. The Early Warning System (EWS) proposed is the Extreme Value Model (EVA) used previously for natural disasters and irregular phenomena. Its major advantage compared to other binary models is its focus to the turbulence periods and their characteristics contrast to possible trend models which exclude them. The results show that EVA fits better forecast and it gave positive and calm signals than similar logit and probit models for all five cases examined.
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Chapter 8
Financial Contagion and Shock Transmission During the Global Financial Crisis: A Review of the Literature
A situation where sudden large losses in one country, one sector or one particular asset spread out across the economy and increase the risk of subsequent large losses in the same as well as in other countries, sectors or assets.
Published in Chapter: Financial Contagion and Shock Transmission During the Global Financial Crisis: A Review of the Literature; From: Emerging Tools and Strategies for Financial Management
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Chapter 20
Assessing the Financial Vulnerability of Emerging Markets
A sudden loss of confidence in the financial assets of a country due to circumstances in another country.
Published in Chapter: Assessing the Financial Vulnerability of Emerging Markets; From: Handbook of Research on Financial and Banking Crisis Prediction through Early Warning Systems
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Chapter 14
The Resilience of Emerging Economies During the Great Recession: Lessons Learnt from Recent Data
The spread of a financial crisis from one country to others, a process usually observed through co-movements in stock prices, sovereign spreads, exchange rates, and international capital flows.
Published in Chapter: The Resilience of Emerging Economies During the Great Recession: Lessons Learnt from Recent Data; From: Handbook of Research on Financial and Banking Crisis Prediction through Early Warning Systems
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Chapter 19
Global Financial Crisis and Bank Productivity in Mexico
Is the transmission of market drawbacks within financial institutions and among regions and countries.
Published in Chapter: Global Financial Crisis and Bank Productivity in Mexico; From: Handbook of Research on Strategic Performance Management and Measurement Using Data Envelopment Analysis
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