PUY, Damien - Department of Economics, European University Institute - 2013
) funding in isolation. We also find strong evidence of global contagion: although global waves originate in developed countries …, emerging markets’ funding is much more affected. We illustrate this finding by deriving “contagion maps” showing where … contagion spreads and with what intensity. In general, our results suggest that “push” effects from advanced market investors …
