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Financial Crises and Contagion

Macroeconomics and Growth Research Program
 
This Website introduces the basic concepts, research, literature, and related website on contagion and financial crisis, addressing these questions:
  • Why are financial crises transmitted across countries? 
  • Why do financial crises take place? 
  • What are the policies that can help countries prevent those crises?
  • How can crises be managed and resolved more effectively 
  • Are there imperfections in the international financial markets that trigger crises and contagion in countries with sound fundamentals?
Definitions of Contagion

Resource Persons

Publications and Working Papers

Journal articles, book chapters, and other publications
This page lists recent scholarly publications by staff working in the area of Macroeconomics and Growth.  Publications are organized by topic and appear in reverse chronological order.

The Policy Research Working Paper Series dissseminates findings of work in progress to encourage the exchange of ideas about development issues.  These are official working papers of the World Bank and are drawn from the World Bank's institutional archives. Each link opens a page with an abstract of the document and several download options. Choose the 'light-weight documents' option for easy download.

Library

WPS3389Why do emerging economies borrow short term?Broner, Fernando A.; Lorenzoni, Guido; Schmukler, Sergio L.2004/09
WPS3161Liquidity needs and vulnerability to financial udnerdevelopmentRaddatz, Claudio2003/11
WPS3173Distributional effects of crises : the role of financial transfersMarina Halac; Sergio Schmukler2003/11
WPS3146The price of inconvertible deposits - the stock market boom during the Argentine crisisLevy Yeyati, Eduardo; Schmukler, Sergio L.; Van Horen, Neeltje2003/10
WPS3081The anatomy of a multiple crisis : why was Argentina special and what can we learn from it?Perry, Guillermo; Serven, Luis2003/06
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