Although several studies of theoretical and empirical ones converge on the financial dimension in economic growth, they do not actually provide real common response to the problem of the possible interaction between the real economy and the financial. In fact, the interrelationship between...

The aim of this paper is to study the contagion effects of the subprime financial crisis on the real economy of developed countries. The contagion of this crisis will be measured by increased linkages between markets after a shock has taken place (the stock market shocks, the interbank spread)....