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181   $ctxt$2rdacontent
182   $cc$2rdamedia
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200 14$aThe Uncertainty Channel of Contagion /$fPrakash Kannan, Fritzi Köhler-Geib
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2009.
215   $a1 online resource (38 pages)
225 1 $aIMF Working Papers
300   $a"October 2009."
311   $a1-4519-1786-4 
330 3 $aThe 2007 subprime crisis in the U.S. triggered a succession of financial crises around the globe, reigniting interest in the contagion phenomenon. Not all crises, however, are contagious. This paper models a new channel of contagion where the degree of anticipation of crises, through its impact on investor uncertainty, determines the occurrence of contagion. Incidences of surprise crises lead investors to doubt the accuracy of their informationgathering technology, which endogenously increases the probability of crises elsewhere. Anticipated crisis, instead, have the opposite effect. Importantly, this channel is empirically shown to have an independent effect beyond other contagion channels.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2009/219
606   $aFinancial crises$xEconometric models
606   $aContagion (Social psychology)$xEconomic aspects
606   $aFinance: General$2imf
606   $aFinancial Risk Management$2imf
606   $aMacroeconomics$2imf
606   $aGeneral Financial Markets: General (includes Measurement and Data)$2imf
606   $aInnovation$2imf
606   $aResearch and Development$2imf
606   $aTechnological Change$2imf
606   $aIntellectual Property Rights: General$2imf
606   $aFinancial Crises$2imf
606   $aPrice Level$2imf
606   $aInflation$2imf
606   $aDeflation$2imf
606   $aFinance$2imf
606   $aTechnology$2imf
606   $ageneral issues$2imf
606   $aEconomic & financial crises & disasters$2imf
606   $aStock markets$2imf
606   $aFinancial crises$2imf
606   $aEmerging and frontier financial markets$2imf
606   $aAsset prices$2imf
606   $aFinancial markets$2imf
606   $aPrices$2imf
606   $aStock exchanges$2imf
606   $aFinancial services industry$2imf
607   $aUnited States$2imf
615  0$aFinancial crises$xEconometric models.
615  0$aContagion (Social psychology)$xEconomic aspects.
615  7$aFinance: General
615  7$aFinancial Risk Management
615  7$aMacroeconomics
615  7$aGeneral Financial Markets: General (includes Measurement and Data)
615  7$aInnovation
615  7$aResearch and Development
615  7$aTechnological Change
615  7$aIntellectual Property Rights: General
615  7$aFinancial Crises
615  7$aPrice Level
615  7$aInflation
615  7$aDeflation
615  7$aFinance
615  7$aTechnology
615  7$ageneral issues
615  7$aEconomic & financial crises & disasters
615  7$aStock markets
615  7$aFinancial crises
615  7$aEmerging and frontier financial markets
615  7$aAsset prices
615  7$aFinancial markets
615  7$aPrices
615  7$aStock exchanges
615  7$aFinancial services industry
700   $aKannan$b Prakash$01493479
701   $aKöhler-Geib$b Fritzi$01534745
712 02$aInternational Monetary Fund.$bResearch Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910778591103321
996   $aThe Uncertainty Channel of Contagion$93782533
997   $aUNINA