Contagion in Emerging Markets: When Wall Street is a carrier

By Guillermo A. Calvo. 2004

364 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/b7a8a49135361c3054103bc11712897eb9f19b82

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

Citations in the corpus

Emerging Markets Finance (2003, background): “Finally, there are a number of recent papers that link contagion to liquidity and financial frictions (see Calvo, 1999; Calvo and Mendoza, 2000a,b; Kodres and Pritsker, 2002; Rigobon, 2002b; Yuan, 2002).”
Sudden Stops, the Real Exchange Rate and Fiscal Sustainability: Argentina's Lessons (2002, neutral): “…argued that prevailing rules for capital market transactions may have been responsible for the spread of shocks from one country to other regions (Calvo, 1999).4 4 As the argument goes, to the extent that there exist large fixed costs (relative to the size of projects) in obtaining information…”
Leverage Cycles and the Anxious Economy (2008, methodology): “The pricing lemma follows from the definitions of PV i sj and CV i sj and equations (8) and (10).”
On the International Transmission of Shocks : Micro-Evidence from Mutual Fund Portfolios (2012, neutral): “3 See, for example, Calvo (2002), Kodres and Pritsker (2002), Mendoza and Smith (2006), and Mendoza (2010).”
Unravelling financial market linkages during crises (2007, background): “These shocks may represent information shocks (King and Wadhwani, 1990; Calvo and Mendoza, 2000), liquidity shocks (Calvo, 1999) or shocks that result in portfolio rebalancing (Remming et al.”
Information Markets and the Comovement of Asset Prices (2006, neutral): “Proof : The result follows from equations (5) and (11).”
Time-Series and Cross-Sectional Excess Comovement in Stock Indexes (2008, neutral): “[10] Calvo, G.”
Imperfect Competition, Information Heterogeneity, and Financial Contagion (2007, neutral): “(18) and (19) ensue straightforwardly from Proposition 1, given the definitions of Suk and Sθk and the fact that δk is equal to ΣuΣ−1 Su (Suk − u) + βΣθΣ−1 Sθ ¡ Sθk − θ ¢ for all k = 1, .”