In this chapter, we analyze empirically the existence and extent of financial contagion in the East Asian crisis. We define financial contagion as a significant increase in correlation of financial variables after controlling fundamentals and common shocks, and we develop an autoregressive model to measure contagion. In particular, we attempt to exclude the common effects of the crisis in South...

Over the past two decades, financial market crises with similar features have occurred in different regions of the world. Unstable cross-market linkages during a crisis are referred to as financial contagion. We simulate crisis transmission in the context of a model of market participants adopting various strategies; this allows testing for financial contagion under alternative scenarios. Using...

It has been proposed that motor contagion supplies the first step in mentalizing. Here, by using kinematic methods, we show that in contrast to normally developing children, children with autism seem to be immune to motor contagious processes. In the main experiment, involving twelve high-functioning autistic children (six males and six females, 10-13 years old, mean 11.1 years) and 12 normally...

a r t i c l e i n f o This paper empirically investigates the contagion effects of the global financial crisis in a multivariate Fractionally Integrated Asymmetric Power ARCH (FIAPARCH) dynamic conditional correlation (DCC) framework during the period 1997–2012. We focus on five most important emerging equity markets, namely Brazil, Russia, India, China and South Africa (BRICS), as well as USA ...

Customer collaborative product innovation (CCPI) is a novel pattern of new product development (NPD) to integrate customers and their knowledge as the main innovative agents and resources. In CCPI, conflict is an intrinsic and inevitable phenomenon. Conflict contagion, however, is a neglected but crucial issue for the CCPI conflict management. In order to study the mechanism and process of CCPI...

W examine how firms can create word-of-mouth peer influence and social contagion by designing viral features into their products and marketing campaigns. To econometrically identify the effectiveness of different viral features in creating social contagion, we designed and conducted a randomized field experiment involving the 1.4 million friends of 9,687 experimental users on Facebook.com. We f...

In spite of the growing theoretical literature on cascades of failures in interbank lending networks, empirical results seem to suggest that networks of direct exposures are not the major channel of financial contagion. In this paper we show that networks of interbank exposures can however significantly amplify contagion due to overlapping portfolios. To illustrate this point, we consider the c...

Blocking the propagation of contagions in populations has many applications, such as stopping the dissemination of leaked information and impeding the spread of an ideology or opinion. Several methods exist for blocking contagions by removing key or critical nodes from a network representation of a population. Some methods, based on network topology alone, run very fast, but their performance c...

This paper evaluates the relative importance of three contagion channels: direct trade, neighborhood effects and financial competition in banking centers. Because these channels are highly correlated, they could easily be confused. However, policy implications are very different depending on the channel and therefore disentangle which channels are more relevant is an important task. This paper ...