Munich Personal RePEc Archive

Financial Contagion: the Role of Banks

Kollmann, Robert and Malherbe, Frédéric (2012): Financial Contagion: the Role of Banks. Published in: Handbook of Safeguarding Global Financial Stability, Political, Social, Cultural, and Economic Theories and Models (Gerard Caprio, editor), 2012, Vol.2, Oxford: Elsevier. (2012): pp. 139-143.

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Abstract

This paper provides an overview of recent theories of international financial contagion, with a focus on models in which the balance sheet constraints of global banks (and other financial institutions) are the key channel of international transmission.

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