Hassan, Tarek A.; Schreger, Jesse; Schwedeler, Markus; … - National Bureau of Economic Research - 2021
of transmission to foreign firms. While this pattern usually follows a gravity structure, it often changes dramatically … during crises. For example, while crises originating in developed countries propagate disproportionately to foreign financial … to show that (i) elevated perceptions of a country's riskiness, particularly those of foreign and financial firms, are …