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Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria
出版International Monetary Fund, 1998-09-01
主題Business & Economics / Exports & ImportsBusiness & Economics / Finance / GeneralBusiness & Economics / Money & Monetary Policy
ISBN14518562299781451856224
URLhttp://books.google.com.hk/books?id=8FsYEAAAQBAJ&hl=&source=gbs_api
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註釋Several concepts of contagion are distinguished. It is argued that only models that admit of multiple equilibria are capable of producing true contagion. A simple balance of payments model is presented to illustrate that phenomenon, and some back-of-the-envelope calculations assess its relevance to the coincidence of emerging market crises in 1994–95 and in 1997.