Chapter 14

Financial Contagion

R. Kollmann*,, and F. Malherbe§

*ECARES, Université Libre de Bruxelles, Brussels, Belgium

Université Paris-Est, Paris, France

Centre for Economic Policy Research, London, UK

§London Business School, London, UK

Outline

Financial contagion refers to the strong and rapid spread of a financial crisis across markets, sectors, or countries. This chapter discusses recent theories of financial contagion in which balance sheets of global banks (and other financial institutions) ...

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