Dooley, Michael; Hutchison, Michael - In: Journal of International Money and Finance 28 (2009) 8, pp. 1331-1349
We find that emerging markets appeared to be somewhat insulated from developments in U.S. financial markets from early 2007 to summer 2008. From that point on, however, emerging markets responded very strongly to the deteriorating situation in the U.S. financial system and real economy. Our...
