Contagion or Inductance? Crisis 1997 Reconsidered
Henry Wan and
Wing-Keung Wong ()
The Japanese Economic Review, 2001, vol. 52, issue 4, 372-381
We provide the simple example of a refinancing game with incomplete information, where the lack of transparency is both necessary and sufficient for the propagation of local financial distress across disjoint financial networks. JEL Classification Number: F4. And the truth shall make you free. John 8: 32
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