Channels of financial contagion

Master Thesis

2004

Permanent link to this Item
http://hdl.handle.net/11427/11779
Files
thesis_com_2004_gavron_sv.pdf (5.83 MB)
Authors
Gavron, Shãna V
Supervisors
Collins, Daryl
Journal Title
Link to Journal
Journal ISSN
Volume Title
Publisher
Publisher

University of Cape Town

Department
School of Management Studies
Faculty
Faculty of Commerce
License
Series
Abstract
The current contagion literature does not definitely conclude which channels of financial contagion are the most significant in transmitting crises between countries. This paper sets out to fill this gap empirically by determining which contagion channels significantly increase the probability of an incidence of contagion between stock markets. The paper initially establishes the occurrence of contagion across 42 countries during nine economic and/or financial events. It identifies potential channels and classifies them either as channels that spread contagion via weak economic fundamentals, as channels that spread contagion via economic and/or financial links or as channels that spread contagion via investor behaviour.
Description

Includes bibliographical references (leaves. 95-106).

Keywords
Finance

Reference:

Gavron, S. 2004. Channels of financial contagion. University of Cape Town.

Collections
Masters