When an economic crisis in one countrys bond or equity markets spreads to other...
When an economic crisis spreads from one market to another. An example is the fall of the Indonesian Rupiah in 1997 and its subsequent effect on other Asian and Latin economies.
The transmission of infection by direct contact, droplet spread, or contaminated fomites. See also fomite; transmission of infection.
the rapid transmission of emotions or behaviors through a crowd
In the study of crowd behaviour, the spread of feeling or a mood through a crowd which leads them to behave in particular, concerted and often violent ways.
Excess correlation of equity or bond returns. For example, under usual conditions we might observe a certain level of correlation of market returns. A period of contagion would be associated with much higher-than-expected correlation. Some examples are the conjectured contagion in East Asian markets beginning in July 1997 when the Thai currency devalued and the impact across many emerging markets of the Russian default. Contagion is difficult to identify because you need some sort of measure of the expected correlation. It is complicated because correlation's are known to change through time, for example, see Erb, Harvey and Viskanta's article in the 1994 Financial Analysts Journal. In periods of negative returns, correlation's (and volatility) are known to increase, so what might appear to be excessive may not be contagion.
The phenomenon of an economic crisis spreading from one market to another. Political instability in Indonesia in 1997 caused high volatility in their domestic currency, the Rupiah. The contagion spread from there to other Asian emerging currencies, and then to Latin America. It is now referred to as the 'Asian Contagion.'
A social phenomenon that describes how fads and trends spread.
The spread of an individual bank run to several other financial institutions.
The tendency of an economic crisis to spread from one market to another. In 1997, financial instability in Thailand caused high volatility in its domestic currency, the Baht, which triggered a contagion into other East Asian emerging currencies, and then to Latin America. It is now referred to as the Asian Contagion.
when one country's financial crisis transcends its national borders and affects the stability of another country. The most recent example of contagion is the 1997 Asian Financial Crisis which began in Thailand and immediately spread to other states in South East Asia and was later found to be a problem in countries as far away as Russia and Brazil.
The tendency of an economic crisis to spread from one market to another. A financial calamity in one market causes traders in other markets to grow weary. The selling pressure grows and spreads throughout markets worldwide.
The spread of economic difficulties from one country's market to other countries within close geographic proximity. For example, Asian financial crisis in 1997-98.
The tendency of an economic crisis to spread from one market to another. In 1997, political instability in Indonesia caused high volatility in their domestic currency, the Rupiah. From there, the contagion spread to other Asian emerging currencies, and then to Latin America, and is now referred to as the ‘Asian Contagion’.
Term used to describe the spread of economic crises from one country's market to other countries within close geographic proximity. This term was first used following the Asian Financial Crisis in 1997, which began in Thailand and soon spread to other East Asian economies. It now is used to refer to the recent crisis in Argentina and its effects on other Latin American countries.