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Contagion Phenomena: Occurence And Transmission Mechanisms

Author

Listed:
  • MARGINEAN Silvia

    ("Lucian Blaga" University of Sibiu)

  • ORASTEAN Ramona

    ("Lucian Blaga" University of Sibiu)

Abstract

Contagion phenomena are a real challenge for economists and economic theory, and in the same time they induce important policy issues at national and international level. Despite significant progress has been made in recent years, there is still no consensus on their definition. This paper aims to contribute to the contagion literature on two levels: (1) a synthesis of theoretical and empirical contributions to contagion - definition, contagion channels, classes of contagion and transmission mechanisms, the relationship between contagion and crisis; (2) a new definition of contagion.

Suggested Citation

  • MARGINEAN Silvia & ORASTEAN Ramona, 2012. "Contagion Phenomena: Occurence And Transmission Mechanisms," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 63(4-5), pages 20-35.
    • Handle: RePEc:blg:reveco:v:63.4-5:y:2012:i:4-5:p:20-35
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/RE%204-5-63-2012.pdf
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    More about this item

    Keywords

    Contagion; globalization; international financial contagion; crises;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General

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