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Abstract

In this chapter, we summarize the findings of our analysis on contagion episodes in US and European markets. In particular, we emphasize the results that are most relevant to policy-makers, who have to address crises with appropriate measures, and to investors, as contagion has strong implications for portfolio diversification.

Keywords

contagion crisis policy-making transmission channels 

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Copyright information

© Viola Fabbrini, Massimo Guidolin, and Manuela Pedio 2016

Authors and Affiliations

  • Viola Fabbrini
    • 1
  • Massimo Guidolin
    • 1
  • Manuela Pedio
    • 1
  1. 1.Bocconi UniversityItaly

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