Financial Contagion: The Viral Threat to the Wealth of Nations

Financial Contagion: The Viral Threat to the Wealth of Nations

Editor(s): Robert W. Kolb

Published Online: 29 NOV 2011 10:37AM EST

Print ISBN: 9780470922385

Online ISBN: 9781118267646

DOI: 10.1002/9781118267646

About this Book

"Financial Contagion: The Viral Threat to the Wealth of Nations covers a lot of territory. It is, of course, terribly important to analyze case histories to discover potential triggers, mechanisms of transmission, and viable ways to contain the damage of financial contagion. The problem is, as these articles amply demonstrate, that there's always a new virus or a mutation of a former one lurking in some corner of the financial world. We don't know what it is or where it is. And, even if we had some inkling, there's almost never enough time to develop a financial flu shot."

The latest insights on financial contagion and how both nations and investors can effectively deal with it.

The domino-style structure in which the financial system exists is a perilous one. Although historically, the financial system has been able to deal with major shocks, the fact remains that our financial system is not as secure as it should be.

Recent years have brought about too many examples of contagion and systemic risk. That is why Financial Contagion is such an important read. In it, the serious concerns that revolve around our fragile economic system are investigated, researched, and explained.

Throughout the book, Kolb offers valuable insights on this dilemma as he compiles the history of financial contagion, highlights the latest research on systemic failure and interrelated markets, and analyzes the risks and consequences we face moving forward.

  • Examines the importance of careful regulation and what must be done to stabilize the global financial system
  • Includes contributed chapters from both academics and experienced professionals, offering a variety of perspectives and a rich interplay of ideas
  • Details how close we are to witnessing a financial contagion that could devastate the world economy

We have been harshly reminded of how fragile our economic ecosystem is. With Financial Contagion, you'll hold a better understanding of what needs to be done to strengthen our system and safeguard our financial future.

Table of contents

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  1. Part I: Contagion: Theory and Identification

    1. Chapter 11

      Contagion or Interdependence in the Financial Markets of Asia, Latin America, and the United States: From Tequila Effect to the Subprime Crisis (pages 93–99)

      Emerson Fernandes Marcal, Pedro L. Valls Pereira, Diogenes Manoel Leiva Martin, Wilson Toshiro Nakamura and Wagner Oliveira Monteiro

  2. Part II: Contagion and the Asian Financial Crisis

    1. Chapter 14

      Contagion and the Transmission of Financial Crises (pages 129–135)

      Mardi Dungey, Renée A. Fry, Brenda González-hermosillo, Vance L. Martin and Chrismin Tang

  3. Part III: Contagion and Emerging Markets

    1. Chapter 18

      Financial Spillovers and Contagion from Mature to Emerging Stock Markets (pages 163–169)

      John Beirne, Guglielmo Maria Caporale, Marianne Schulze-ghattas and Nicola Spagnolo

  4. Part IV: Contagion in the Financial Crisis of 2007–2009

  5. Part V: Regional Contagion

  6. Part VI: Contagion within an Economy

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