Title Financial contagion and investor "learning" : an empirical investigation / Ritu Basu

Published [Washington, D.C.] : International Monetary Fund, ©2002

Click on the following:
IMF eLibrary

Copies

Description 1 online resource (36 pages) : illustrations Series IMF working paper, 2227-8885 ; WP/02/218 IMF working paper ; WP/02/218. Summary There have been several episodes of financial market "contagion" in the 1990s. Is contagion driven by herd behavior? Does it reflect fundamental economic linkages between countries? Or are episodes of contagion driven by investor learning and risk reassessment about a select group of countries? We pursue these questions by studying the persistence in the spillover of shocks following the bond market developments in Hong Kong SAR in 1997. Our results suggest that this contagion, at least for a few countries, was a consequence of adverse sentiment shifts arising from investor learning and was not merely driven by changes in fundamentals Notes Cover title "December 2002"--Page 1 Bibliography Includes bibliographical references (pages 32-36) Notes At head of title: Monetary and Exchange Affairs Department Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Financial crises -- Econometric models Contagion (Social psychology) -- Econometric models Risk -- Econometric models Financial crises -- Econometric models Risk -- Econometric models Form Electronic book Author International Monetary Fund. Monetary and Exchange Affairs Department. ISBN 1283513455 9781283513456 9781451919752 1451919751 1462339573 9781462339570 1452750033 9781452750033 9786613825902 6613825905 9781451875157 1451875150

  Permalink