Разпространение и заразяване с финансови кризи
Financial Crisis Contagion

Author(s): Stefan Petrov
Subject(s): Economy, Supranational / Global Economy, Financial Markets, Public Finances
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Financial Crisis; Financial Contagion; Contagion Risk; Financial Risk
Summary/Abstract: This paper reviews the definitions, the nature and the implications of the financial crises, systematically describes main theoretical concepts regarding the financial contagion: concepts based on fundamental economic relations; concepts based on financial inter-relations; concepts regarding the behavioural investments and those pertaining to the liquidity. Author provides grouping of the different empirical test models on the financial contagion. The research concludes that the theoretical and empirical models for financial contagion do change as the time passes and this could be explained with the vision to reach quantifiable and measurable values of the observed relations and channels of financial contagion as well as the value of the financial contagion risk measurement.

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