Contagion in Latin America: Definitions, Measurement, and Policy Implications

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How researchers see this paper

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Market Integration and Contagion (2005, unknown): “Forbes and Rigobon (2001) declare that ''there is no consensus on exactly what constitutes contagion or how it should be defined.''”
Measuring Contagion with a Bayesian, Time-Varying Coefficient Model (2003, unknown): “The definition we adopt is based on a commonly accepted definition proposed by Forbes and Rigobon (2001, 2002), who define contagion as a “significant change in cross-country linkages following a crisis in one or more countries” and call this “shift-contagion”.”
Monetary Policy in Emerging Markets (2010, background): “164 Eichengreen, Rose and Wyplosz (1996); Baig and Goldfajn (1999); Bae, Karolyi, and Stulz (2000); Bekaert, Harvey, and Ng (2005), Forbes and Rigobon (2000, 2002), Rigobon (2000); Kaminsky and Reinhart (2000, 2002); Kaminsky, Reinhart and Vegh (2003), Kaminsky and Schmukler (1999); and…”
Globalization and Capital Markets (2002, background): “As Forbes and Rigobon (2000) stress, however, higher return volatility itself can mechanically raise cross-border return correlations even in the absence of any underlying structural change, and it may be misleading to view this as a contagion effect.”