04462oam 22011654 450 991077859110332120230207230549.01-4623-6181-11-4527-9647-597866128442321-4518-7366-21-282-84423-710.1596/1813-9450-4995(CKB)1000000000798242(SSID)ssj0000939941(PQKBManifestationID)11502258(PQKBTitleCode)TC0000939941(PQKBWorkID)10946028(PQKB)11019991(OCoLC)694141002(The World Bank)4995(MiAaPQ)EBC1605937(US-djbf)4995(IMF)WPIEE2009219(EXLCZ)99100000000079824220020129d2009 uf 0engurcn|||||||||txtrdacontentcrdamediacrrdacarrierThe Uncertainty Channel of Contagion /Prakash Kannan, Fritzi Köhler-GeibWashington, D.C. :International Monetary Fund,2009.1 online resource (38 pages)IMF Working Papers"October 2009."1-4519-1786-4 The 2007 subprime crisis in the U.S. triggered a succession of financial crises around the globe, reigniting interest in the contagion phenomenon. Not all crises, however, are contagious. This paper models a new channel of contagion where the degree of anticipation of crises, through its impact on investor uncertainty, determines the occurrence of contagion. Incidences of surprise crises lead investors to doubt the accuracy of their informationgathering technology, which endogenously increases the probability of crises elsewhere. Anticipated crisis, instead, have the opposite effect. Importantly, this channel is empirically shown to have an independent effect beyond other contagion channels.IMF Working Papers; Working Paper ;No. 2009/219Financial crisesEconometric modelsContagion (Social psychology)Economic aspectsFinance: GeneralimfFinancial Risk ManagementimfMacroeconomicsimfGeneral Financial Markets: General (includes Measurement and Data)imfInnovationimfResearch and DevelopmentimfTechnological ChangeimfIntellectual Property Rights: GeneralimfFinancial CrisesimfPrice LevelimfInflationimfDeflationimfFinanceimfTechnologyimfgeneral issuesimfEconomic & financial crises & disastersimfStock marketsimfFinancial crisesimfEmerging and frontier financial marketsimfAsset pricesimfFinancial marketsimfPricesimfStock exchangesimfFinancial services industryimfUnited StatesimfFinancial crisesEconometric models.Contagion (Social psychology)Economic aspects.Finance: GeneralFinancial Risk ManagementMacroeconomicsGeneral Financial Markets: General (includes Measurement and Data)InnovationResearch and DevelopmentTechnological ChangeIntellectual Property Rights: GeneralFinancial CrisesPrice LevelInflationDeflationFinanceTechnologygeneral issuesEconomic & financial crises & disastersStock marketsFinancial crisesEmerging and frontier financial marketsAsset pricesFinancial marketsPricesStock exchangesFinancial services industryKannan Prakash1493479Köhler-Geib Fritzi1534745International Monetary Fund.Research Dept.DcWaIMFBOOK9910778591103321The Uncertainty Channel of Contagion3782533UNINA