The Uncertainty Channel of Contagion

The Uncertainty Channel of Contagion

The 2007 subprime crisis in the United States has triggered a succession of financial crises around the globe, reigniting interest in the contagion phenomenon. Not all crises, however, are contagious. This paper models a new channel of contagion wh...

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Bibliographic Details
Main Authors: Kannan, Prakash, Kohler-Geib, Fritzi
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
ABSOLUTE VALUE
ADVANCED ECONOMIES
ASSET VALUES
ASSETS
BANKS
BOND RATE
BOND SPREADS
BOND YIELD
BORROWING
CAPITAL FLOWS
CONTRIBUTIONS
CONTROL VARIABLES
COST OF FUNDS
COUNTRY FIXED EFFECTS
COUNTRY MARKET
COUNTRY RISK
COVARIANCE MATRIX
CREDIT RATINGS
CREDITOR
CREDITORS
CRISIS COUNTRIES
CRISIS COUNTRY
CURRENCY
CURRENCY CRISES
DEBT
DEBT DEFAULT
DEPENDENT VARIABLE
DERIVATIVE
DEVALUATION
DEVELOPMENT ECONOMICS
DIRECTION OF TRADE
DISCLOSURE OF INFORMATION
DIVERSIFICATION
DOMESTIC BOND
DOMESTIC MARKET
DRIVERS
ECONOMIC CRISES
ECONOMIC MANAGEMENT
ECONOMIC POLICY
ECONOMIC RISK
ECONOMIC THEORY
EFFICIENT MARKETS
EMERGING ECONOMIES
EMERGING MARKET
EMERGING MARKET COUNTRIES
EMERGING MARKETS
EQUILIBRIUM
EQUILIBRIUM PRICE
EQUITY FUNDS
ERROR TERM
EXCESS LIQUIDITY
EXCHANGE RATE
EXCHANGE RATE MECHANISM
EXCHANGE RATES
EXPLANATORY VARIABLE
EXPLANATORY VARIABLES
EXPOSURE
FINANCE CORPORATION
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL RISK
FINANCIAL STABILITY
FINANCIAL SUPPORT
FINANCIAL VARIABLES
FOREIGN INVESTMENT
FOREIGN INVESTOR
FOREIGN INVESTORS
FUND INVESTMENTS
GLOBALIZATION
GLOBALIZATION OF SECURITIES
GOVERNMENT BOND
GOVERNMENT BOND YIELD
GOVERNMENT BONDS
GROUP OF INVESTORS
GROWTH RATE
HOLDING
IMPERFECT INFORMATION
INDIVIDUAL INVESTOR
INFORMATION ASYMMETRY
INFORMATION DISCLOSURE
INFORMATION PROCESSING
INFORMED INVESTOR
INFORMED INVESTORS
INTEREST RATE
INTEREST RATES
INTERNATIONAL BANK
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL CONTAGION
INTERNATIONAL FINANCIAL STATISTICS
INTERNATIONAL MONEY
INTERNATIONAL PORTFOLIO
INTERPOLATION
INVESTING
INVESTMENT BANK
INVESTMENT DECISIONS
INVESTMENT PORTFOLIOS
INVESTMENT TECHNOLOGY
INVESTOR BEHAVIOR
INVESTOR UNCERTAINTY
LIQUIDITY
LONG-TERM INTEREST
LONG-TERM INTEREST RATE
MACROECONOMIC RISKS
MARKET PARTICIPANTS
MARKET RETURNS
MARKET SIZE
MARKET VALUE
MONETARY FUND
MORTGAGE
MORTGAGE MARKET
MOTIVATION
MUTUAL FUNDS
NET ASSET
OUTPUT
PARTICULAR COUNTRY
POLITICAL RISK
POLITICAL RISKS
PORTFOLIO
PORTFOLIO HOLDINGS
POVERTY REDUCTION
PRIVATE CAPITAL
PRIVATE CAPITAL INFLOWS
PROBABILITY
PURCHASES
RANDOM VARIABLES
RATE OF RETURN
REGIONAL CRISES
REGIONAL SHOCK
RETURN
RISK AVERSION
RISK FACTORS
RISK-FREE RETURN
ROBUSTNESS CHECK
SALES
SECURITIES
SECURITIES MARKETS
SECURITY MARKET
SOCIAL VALUE
SOVEREIGN DEBT
SPECULATIVE ATTACKS
STANDARD DEVIATION
STANDARD DEVIATIONS
STOCK MARKET
STOCK MARKET INDEX
STOCK MARKET INDICES
STOCK MARKET VOLATILITY
STOCK MARKETS
STOCK RETURNS
TERMINATION
TIME HORIZON
TOTAL EXPORTS
TRADE SHARE
TRADE SHARES
TRADE STATISTICS
TRANSPARENCY
UNINFORMED INVESTOR
UNINFORMED INVESTORS
WEALTH EFFECTS
WORTH
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090716083131
http://hdl.handle.net/10986/4188

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090716083131
http://hdl.handle.net/10986/4188

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