The Asian Flu and Russian Virus: Firm-Level Evidence on How Crises are Transmitted Internationally

By Kristin J. Forbes. 2000

119 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Political Science and International Relations, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/879879d85147e070a2efc7b5eac176309ca6d01c

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Citations in the corpus

Spillovers through banking centers: a panel data analysis of bank flows (2003, background): “6 Forbes (2000) finds that at the global level, stock prices of firms with higher short-term debt relative to equity are not disproportionately affected in most regression specifications. She interprets this as evidence against the existence of a global “credit crunch” . This finding is not inconsis”
The Asian flu and Russian virus: the international transmission of crises in firm-level data (2004, background): “11 See Table 2 in Forbes (2000) for additional sample information.”
A Cross-Firm Analysis of the Impact of Corporate Governance on the East Asian Financial Crisis (2002, unknown): “8 Forbes (2000), however, finds minimal evidence that higher levels of debt led to lower returns during the crisis.”
Emerging Markets Finance (2003, background): “The coincidence of extreme equity return movements may be one definition of contagion, but Forbes and Rigobon (2001) declare “there is no consensus on exactly what constitutes contagion or how it should be defined.”
Political Connections and Minority-Shareholder Protection: Evidence from Securities-Market Regulation in China (2010, methodology): “Forbes (2002) uses the Sefcik and Thompson methodology to study the international transmission of financial crises at the firm level.”
Measuring Contagion: Conceptual and Empirical Issues (2001, background): “Forbes (2000b) estimates the impact of the Asian and Russian crises on stock returns for individual companies around the world.”
Are Trade Linkages Important Determinants of Country Vulnerability to Crises (2001, methodology): “The paper concludes that direct trade effects (called income effects) as well as competition in export industries (called product-competitiveness effects) “were both important transmission mechanisms during the later part of the Asian crisis and the Russian crisis” (Forbes 2000, 1 [abstract]).”
Financial Globalization: Gain and Pain for Developing Countries (2003, unknown): “Regarding the trade channel, Eichengreen, Rose, and Wyplosz (1996), Glick and Rose (1998), and Forbes (2000), argue that trade links are important. Trade links tend to make crises more regional. Financial and non-fundamental links are also very important to understand contagion. Frankel and Schmukle”
Dynamic correlation analysis of financial contagion: Evidence from Asian markets (2007, methodology): “It is of interest to compare this model with the model presented by Forbes and Rigobon (2002). To elucidate, we depict both the dynamic Thailand-HK correlation coefficient series (reproduced from Figure 2) and the constant correlation coefficient series in Figure 3.”