La propagation des crises financiers dans les pays émergents: la contagion est-elle discriminante ? (notice n° 593817)
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control field | 20250121150645.0 |
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Language code of text/sound track or separate title | fre |
042 ## - AUTHENTICATION CODE | |
Authentication code | dc |
100 10 - MAIN ENTRY--PERSONAL NAME | |
Personal name | Brana, Sophie |
Relator term | author |
245 00 - TITLE STATEMENT | |
Title | La propagation des crises financiers dans les pays émergents: la contagion est-elle discriminante ? |
260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
Date of publication, distribution, etc. | 2005.<br/> |
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General note | 35 |
520 ## - SUMMARY, ETC. | |
Summary, etc. | RésuméL’objectif de l’article est d’analyser le comportement des investisseurs à l’égard du risque pays en tant que déclencheur des crises financières et facteur de contagion à l’occasion de la crise asiatique. La contagion a-t-elle touché des pays proches sur le plan des fondamentaux (contagion discriminante), au-delà des canaux traditionnels de transmission des chocs, ou a-t-elle frappé des pays sans discernement en raison d’un mouvement de défiance généralisé (contagion pure) ? Les résultats des tests économétriques réalisés sur un échantillon de pays émergents de 1994 à 2004 montrent que la crise thaïlandaise a bien provoqué un changement de comportement de la part des investisseurs, que l’on peut assimiler à de la contagion pure.Classification JEL: E44; F32; G15. |
520 ## - SUMMARY, ETC. | |
Summary, etc. | The aim of this paper is to analyse investor sentiment during the 1997 Asian financial crisis as a factor of the crisis and of its contagion. Were emerging countries affected by this contagion because of very similar fundamentals (discriminating contagion), outside classical channels of transmission of an external chock, or because of abrupt reversals in investor sentiment (pure contagion) ? The results of the tests showed that the Thai crisis actually created a change in investor sentiment that was pure contagion. The results of econometric tests applied to a sample of emerging countries for the years 1994-2004 indicate that the crisis in Thailand induced a reversal in investor sentiment, to be compared with pure contagion. The other factors that spread the crisis depend on the countries, their geographical location and how far they were involved in the root causes of the crisis. JEL Classification: E44; F32; G15. |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | rating |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | crise asiatique |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | contagion pure/discriminante |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | spread |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | contagion financière |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | rating |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | asian crisis |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | spread |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | pure contagion/discriminanting contagion |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | financial contagion |
700 10 - ADDED ENTRY--PERSONAL NAME | |
Personal name | Lahet, Delphine |
Relator term | author |
786 0# - DATA SOURCE ENTRY | |
Note | Économie internationale | 103 | 3 | 2005-09-01 | p. 73-96 | 1240-8093 |
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Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-economie-internationale-2005-3-page-73?lang=fr&redirect-ssocas=7080">https://shs.cairn.info/revue-economie-internationale-2005-3-page-73?lang=fr&redirect-ssocas=7080</a> |
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