Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Evolution (Biology) --- Social Darwinism. --- Memetics. --- Social aspects. --- Darwinisme --- 7608 --- --Evolution (Biology) --- Evolution (biologie) --- Darwinisme social --- Mémétique --- aspects sociaux

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The 2007 subprime crisis in the U.S. triggered a succession of financial crises around the globe, reigniting interest in the contagion phenomenon. Not all crises, however, are contagious. This paper models a new channel of contagion where the degree of anticipation of crises, through its impact on investor uncertainty, determines the occurrence of contagion. Incidences of surprise crises lead investors to doubt the accuracy of their informationgathering technology, which endogenously increases the probability of crises elsewhere. Anticipated crisis, instead, have the opposite effect. Importantly, this channel is empirically shown to have an independent effect beyond other contagion channels.

Business & Economics --- Economic Theory --- Financial crises --- Contagion (Social psychology) --- Econometric models. --- Economic aspects. --- Social contagion --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Social psychology --- Memetics --- Crises --- Finance: General --- Financial Risk Management --- Macroeconomics --- General Financial Markets: General (includes Measurement and Data) --- Innovation --- Research and Development --- Technological Change --- Intellectual Property Rights: General --- Financial Crises --- Price Level --- Inflation --- Deflation --- Finance --- Technology --- general issues --- Economic & financial crises & disasters --- Stock markets --- Emerging and frontier financial markets --- Asset prices --- Financial markets --- Prices --- Stock exchanges --- Financial services industry --- United States