||From the Inside Flap|While the phrase financial contagion may seem like a straightforward way to explain the spread of financial distress from one firm, market, asset class, nation, or geographical region to others, the reality is that this concept is much more
"Financial Contagion: The Viral Threat to the Wealth of Nations covers a lot of territory. It is, of course, terribly important to analyze case histories to discover potential triggers, mechanisms of transmission, and viable ways to contain the damage of financial contagion. The problem is, as these articles amply demonstrate, that there’s always a new virus or a mutation of a former one lurking in some corner of the financial world. We don’t know ...
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