Financial Crises and Transmission Channels: Theoretical and Empirical Approaches,Used

Financial Crises and Transmission Channels: Theoretical and Empirical Approaches,Used

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SKU: DADAX3844310843
Brand: LAP Lambert Academic Publishing
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Several financial crises experienced in emerging markets were preceded by the 1994 Mexican Peso Crisis or the 1997 East Asian Crisis results in a highly detailed literature on the transmission process of financial crises across the markets to emerge. This book aims at not only reviewing the aforementioned literature but also making an appreciable contribution to it by presenting an alternative perspective on the transmission process of financial crises across the markets, which states that an interdependence effect experienced in non crisis periods could weaken, could disappear completely and could veer as well in crisis periods as a result of the contagion process.The confirmation of the offered alternative perspective on the transmission process of financial crises across the markets gives rise to a very important policy implication to emerge:the policymakers are less likely to be able to prevent financial crises experienced outside from being transmitted to their own country, even if they could exactly predict the interdependence effect to exist.

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

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