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.


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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