The Asian flu and Russian virus: the international transmission of crises in firm-level data

By Kristin J. Forbes. 2004

196 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/39c6519fedb53c159b5743a1a24530d3971d7f9d

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Citations in the corpus

Dynamic correlation analysis of financial contagion: Evidence from Asian markets (2007, unknown): “…channel (von Furstenberg and Jeon, 1989; King and Wadhwani, 1990) or the wake-up call hypothesis (Sachs et al., 1995), liquidity channel (Forbes, 2004; Claessens et al., 2001), the cross-market hedging channel (Kodres and Pritsker, 2002; Calvo and Mendoza, 2000), and the wealth effect…”
The Global Crisis and Equity Market Contagion: The Global Crisis and Equity Market Contagion (2014, unknown): “The trade channel in particular has often been associated with international spillovers and contagion (see Forbes (2004); Kaminsky and Reinhart (2000); Caramazza, Ricci and Salgano (2004)).”
Global Crises and Equity Market Contagion (2012, unknown): “The trade channel in particular has often been associated with international spillovers and contagion (see Forbes (2004), Kaminsky and Reinhart (2000), Caramazza et al. (2004)).”
The Initial Impact of the Crisis on Emerging Market Countries (2010, background): “Similarly, other work on contagion has discussed how trade can spread crises through different effects, for example by affecting import demand and competitiveness (see Forbes 2004).”
Volatility Spillovers in East Asian Financial Markets: A Mem-Based Approach (2012, result): “By contrasting the two sets of results, trade channels and geographical proximity seem to have played a major role in the evolution and interdependence of volatility in the Asian crisis (as already suggested by Forbes, 2004), but not so much in the major uncertainty following the 9/11.”
The International Transmission of Bank Liquidity Shocks: Evidence from an Emerging Market (2012, background): “Some of these comovements re ect underlying changes in economic fundamentals as shown by Eichengreen, Rose, and Wyplosz (1996), Glick and Rose (1999), and Forbes (2004).”
On the global financial market integration “swoosh” and the trilemma (2019, background): “The trade channel in particular has often been associated with international spillovers and, in some cases, contagion (see e.g. Kaminsky and Reinhart (2000), Forbes (2004), Caramazza, Ricci and Salgano (2004), and Baele and Inghelbrecht (2009)).”
Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure (2009, unknown): “ Forbes (2004) finds that firms with higher exposure to Asia and Russia experienced reduced equity returns during those countries’ crises.”
From the Financial Crisis to the Real Economy: Using Firm-Level Data to Identify Transmission Channels (2012, unknown): “The first firm-level analysis to study how crises (in emerging markets) spread to other markets was conducted by Forbes (2004).4 For the 2008-2009 crisis, micro firm-level evidence is relatively scarce, partly because firm-level investment and performance data for many countries are only released…”