Series: IMF Working Papers
Author(s): Taimur Baig , and Ilan Goldfajn
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 1998
Keywords: Contagion, Asian Crises, Financial Markets, news, correlations, correlation, dummy variables, significance level
This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and the Philippines. Cross-country correlations among currencies and sovereign spreads are found to...