THE THEORY OF INTERNATIONAL FINANCIAL CONTAGION

Iulia Lupu

Studii Financiare (Financial Studies), 2012, vol. 16, issue 4, 35-42

Abstract: Financial contagion is a complex and multivariate process, with no widely accepted definition and an accurate measurement methodology. Contagion became more and more the central idea of research studies because it is perceived as a problem, and often associated with financial crises. The reason for that international diversification of investment portfolios is applied to protect against country risk, is no longer valid, correlations between markets largely vanishing its benefits. In this article we intend to present the ways in which the subject of international financial contagion was approached.

Keywords: contagion; financial markets; financial crisis (search for similar items in EconPapers)
JEL-codes: G01 G15 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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