Kim, Don H.; Loretan, Mico; Remolona, Eli M. - In: Journal of Asian Economics 21 (2010) 3, pp. 314-326
In the turmoil of 2007-2009, troubles in a small segment of the US mortgage market escalated into a crisis of global proportions. A striking feature of the crisis is the contagion that hit Asia. In a region where direct exposures to problem mortgages were minimal, credit spreads for major...
