Degryse, Hans; Penas, María Fabiana; Elahi, M.A. - Tilburg University, Center for Economic Research - 2012
fragility. We further investigate the possibility of contagion within and across regions. Within region banking contagion is …-regional contagion, we find that the contagion effects of Europe and the US on Asia and Latin America are significantly higher compared … to the effect of Asia and Latin America among themselves. Finally, the impact of cross-regional contagion is attenuated …