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Financial Crises and Contagion

 
This Website introduces the basic concepts and research on crises and contagion, addressing these questions:
  • Why do financial crises take place? 
  • Why are financial crises transmitted across countries? 
  • What is the role of financial markets?
  • What are the policies that can help countries prevent those crises?
  • How can crises be managed and resolved more effectively?
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

WPS5203When the rivers run dry : liquidity and the use of wholesale funds in the transmission of the U.S. subprime crisisRaddatz, Claudio2010/02
WPS4897Emerging market fluctuations : what makes the difference ?Hevia, Constantino2009/04
WPS4807Are all the sacred cows dead ? implications of the financial crisis for macro and financial policiesDemirguc-Kunt, Asli; Serven, Luis2009/01
WPS4770Crises, capital controls, and financial integrationYeyati, Eduardo Levy; Schmukler, Sergio L.; Van Horen, Neeltje 2008/11
WPS4445Emerging market liquidity and crisesYeyati, Eduardo Levy; Schmukler, Sergio L.; Van Horen, Neeltje2007/12
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