measure contagion in terms of tail dependence coefficients, following Fratzscher´s [1999] definition of contagion as …, Chile and Mexico, whose exchange rates exhibit the largest dependence coefficients, and the second bloc consists of … Argentina and Peru, whose exchange rate dependence coefficients with other Latin American countries are low. We also found that …

measure contagion in terms of tail dependence coefficients, following Fratzscher’s (1999) definition of contagion as …, Chile and Mexico, whose exchange rates exhibit the largest dependence coefficients, and the second bloc consists of … Argentina and Peru, whose exchange rate dependence coefficients with other Latin American countries are low. We also found that …