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  • Macroeconomic Interdependence and Contagion
    Sugiharso Safuan
    The term interdependence and contagion describe a feature of financial crises that have engulfed a number of countries in the world. Contagion is said to be present when cross-market linkages after a shock to one country increase significantly at the times of crises compared to tranquil periods whereas interdependence refers to a high market co-movements in all periods. Rece...
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