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  • CONTAGION PHENOMENA WITH APPLICATIONS IN FINANCE
    ebook
    CONTAGION PHENOMENA WITH APPLICATIONS IN FINANCE
    SERGE DAROLLES / GOURIEROUX, CHRISTIAN
    Much research into financial contagion and systematic risks has been motivated by the finding that cross-market correlations (resp. coexceedances) between asset returns increase significantly during crisis periods. Is this increase due to an exogenous shock common to all markets (interdependence) or due to certain types of transmission of shocks between markets (contagion)? D...

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