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Erschienen in:
2016 | OriginalPaper | Buchkapitel
Estimating and Disentangling the Contagion Channels
verfasst von : Viola Fabbrini, Massimo Guidolin, Manuela Pedio
Erschienen in: Transmission Channels of Financial Shocks to Stock, Bond, and Asset-Backed Markets: An Empirical Model
Verlag: Palgrave Macmillan UK
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In this chapter, we present the key empirical results of this book. First, we explain how our estimation exercises in Chapters 4 and 5 are used to identify different financial contagion channels. Second, we discuss the results and their economic as well as policy implications. We start by examining how and whether contagious patterns across different markets are characterized by regime dynamics. We then quantify the existence and extent of each contagion channel.