Acemoglu, D. and A. Scott (1997). Asymmetric business cycles: Theory and time-series evidence. Journal of Monetary Economics 40, 501–533.
Acharya, V. V. and T. Yorulmazer (2008). Information contagion and bank herding. Journal of Money, Credit and Banking 40(1), 215–231.
- Adrian, T., N. Boyarchenko, and D. Giannone (2019). Vulnerable Growth. American Economic Review 109(4), 1263–89.
Paper not yet in RePEc: Add citation now
Ahnert, T. and A. Kakhbod (2017). Information choice and amplification of financial crises. Review of Financial Studies 30(6), 2130–78.
- Allen, F. and D. Gale (2000). Financial contagion. Journal of Political Economy 108(1), 1–33.
Paper not yet in RePEc: Add citation now
Allen, F., A. Babus, and E. Carletti (2012). Asset commonality, debt maturity and systemic risk. Journal of Financial Economics 104(3), 519–534.
Ammer, J. and J. Mei (1996). Measuring International Economic Linkages with Stock Market Data. Journal of Finance 51, 1743–1764.
Armelius, H., C. Bertsch, I. Hull, and X. Zhang (2020). Spread the word: International spillovers from central bank communication. Journal of International Money and Finance 103.
Bae, J., C.-J. Kim, and C. R. Nelson (2007). Why are stock returns and volatility negatively correlated? Journal of Empirical Finance 14(1), 41 – 58.
Bannier, C. E. and F. Heinemann (2005). Optimal Transparency and Risk-Taking to Avoid Currency Crises.
Bonfim, D. and J. A. C. Santos (2020). The Importance of Deposit Insurance Credibility. Banco de Portugal Working Papers.
- Buncic, D., J. Li, P. van Santen, P. Wallin, and J. Winstrand (2019). The Riksbank’s method for stress testing banks’ capital. Sveriges Riksbank Staff Memo.
Paper not yet in RePEc: Add citation now
Calvo, G. A. and E. G. Mendoza (2000). Rational contagion and the globalization of securities markets.
Chen, H., Y. K. Lu, and W. Suen (2016). The Power of Whispers: A Theory of Rumor, Communication and Revolution. International Economic Review 57(1).
Chen, Y. (1999). Banking panics: The role of the first-come, first-served rule and information externalities.
- Corsetti, G., A. Dasgupta, S. Morris, and H. S. Shin (2004). Does One Soros Make a Difference? A Theory of Currency Crisis with Large and Small Traders. Review of Economic Studies 71(1), 87–113.
Paper not yet in RePEc: Add citation now
Corsetti, G., B. Guimaraes, and N. Roubini (2006). International lending of last resort and moral hazard: A model of IMF’s catalytic finance. Journal of Monetary Economics 53(3), 441–471.
Corsetti, G., P. Pesenti, and N. Roubini (1999). What caused the Asian currency and financial crisis? Japan and the world economy 11(3), 305–373.
- Dang, T. V., G. B. Gorton, and B. Holmström (2015). Ignorance, Debt and Financial Crises. Mimeo.
Paper not yet in RePEc: Add citation now
Dasgupta, A. (2004). Financial Congtagion Through Capital Connections: A Model of the Origin and Spread of Bank Panics. Journal of the European Economic Association 2, 1049–1084.
- Dasgupta, A., R. Leon-Gonzales, and A. Shortland (2011). Regionality revisited: An example of the direction of spread of currency crises. Journal of International Money and Finance 30, 831–848.
Paper not yet in RePEc: Add citation now
Drazen, A. (1999). Political Contagion in Currency Crises. NBER Working Paper 7211.
Dyer, T., M. Lang, and L. Stice-Lawrence (2017). The evolution of 10-k textual disclosure: Evidence from latent dirichlet allocation. Journal of Accounting and Economics 64(2-3), 221–245.
- ECB Working Paper Series No 2658 / May 2022 A Online Appendix A.1 Equilibrium in region 1 To simplify the exposition, we focus on the case of uninformed investors, n1 = 0. We first discuss Bayesian updating of uninformed investors receiving a private signal xi1 about Θ1 and derive the equilibrium conditions in Section A.1.1. Next, we prove Lemma 1 in Section A.1.2.
Paper not yet in RePEc: Add citation now
Edmond, C. (2013). Information Manipulation, Coordination, and Regime Change. Review of Economic Studies 80(4), 1422–1458.
Flood, R. and P. Garber (1984). Collapsing exchange-rate regimes: Some linear examples. Journal of International Economics 17(1-2), 1–13.
- Forbes, K. J. (2012). The ’Big C’: Identifying and Mitigating contagion. The Changing Policy Landscape.
Paper not yet in RePEc: Add citation now
Giordano, R., M. Pericoli, and P. Tommasino (2013). Pure or Wake-up-Call Contagion? Another Look at the EMU Sovereign Debt Crisis. International Finance 16(2), 131–160.
Goldstein, I. and A. Pauzner (2004). Contagion of Self-Fulfilling Financial Crises Due to Diversification of Investment Portfolios. Journal of Economic Theory 119, 151–183.
Goldstein, I. and A. Pauzner (2005). Demand Deposit Contracts and The Probability of Bank Runs. Journal of Finance 60(3), 1293–1327.
Goldstein, M. (1998). The Asian financial crisis causes, cures, and systematic implications. Washington D.C.: Institute for International Economics.
- Gorton, G. and G. Ordoñez (2014). Collateral Crises. American Economic Review 104(2), 343–378.
Paper not yet in RePEc: Add citation now
- Gorton, G. and G. Ordoñez (2019). Good Booms, Bad Booms. Journal of the European Economic Association (forthcoming).
Paper not yet in RePEc: Add citation now
Hassan, T. A., M. Schwedeler, J. Schreger, and A. Tahoun (2021). Sources and Transmission of Country Risk. Mimeo.
Heinemann, F. and G. Illing (2002). Speculative attacks: unique equilibrium and transparency. Journal of International Economics 58, 429–450.
Hellwig, C. and L. Veldkamp (2009). Knowing what others know: Coordination motives in information acquisition. Review of Economic Studies 76, 223–251.
Johnson, S., P. Boone, A. Breach, and E. Friedman (2000). Corporate governance in the asian financial crisis. Journal of Financial Economics 58, 141–186.
- Journal of Institutional and Theoretical Economics 161, 374–391. Barro, R. J. (2006). Rare Disasters and Asset Markets: Consumption Disasters in the Twentieth Century.
Paper not yet in RePEc: Add citation now
- Journal of International Economics 51, 79–113. Campbell, J. Y. and L. Hentschel (1992). No news is good news. Journal of Financial Economics 31(3), 281 – 318.
Paper not yet in RePEc: Add citation now
Journal of Political Economy 107(5). Colombo, L., G. Femminis, and A. Pavan (2014). Information Acquisition and Welfare. Review of Economic Studies 81, 1438–1483.
- Jovanovic, B. (2006). Asymmetric Cycles. Review of Economic Studies 73, 145–162.
Paper not yet in RePEc: Add citation now
Karas, A., W. Pyle, and K. Schoors (2013). Deposit Insurance, Banking Crises, and Market Discipline: Evidence from a Natural Experiment on Deposit Flows and Rates. Journal of Money, Credit and Banking 45, 179–200.
Kiyotaki, N. and J. Moore (2002). Balance-sheet contagion. The American Economic Review 92(2), 46–50.
Kodres, L. E. and M. Pritsker (2002). A Rational Expectations Model of Financial Contagion. Journal of Finance 57(2), 769–799.
Krugman, P. (1979). A model of balance-of-payments crises. Journal of Money, Credit and Banking 11(3), 311–25.
Manz, M. (2010). Information-based contagion and the implications for financial fragility. European Economic Review 54, 900–910.
- Mitton, T. (2002). A cross-firm analysis of the impact of corporate governance on the east asian financial crisis. Journal of Financial Economics 64, 215–241.
Paper not yet in RePEc: Add citation now
Mondria, J. and C. Quintana-Domeque (2013). Financial Contagion and Attention Allocation. Economic Journal 123(May), 429–54.
Morris, S. and H. S. Shin (1998). Unique equilibrium in a model of self-fulfilling currency attacks. American Economic Review 88(3), 587–597.
Morris, S. and H. S. Shin (2002). Social Value of Public Information. American Economic Review 92(5), 1521–1534.
- Morris, S. and H. S. Shin (2003). Global games: theory and applications. In M. Dewatripont, L. P. Hansen, and S. Turnovsky (Eds.), Advances in Economics and Econometrics (Proceedings of the Eighth World Congress of the Econometric Society). Cambridge University Press.
Paper not yet in RePEc: Add citation now
Morris, S. and H. S. Shin (2004). Coordination risk and the price of debt. European Economic Review 48(1), 133–153.
- Neftçi, S. N. (1984). Are economic time series asymmetric over the business cycle? Journal of Political Economy 92(2).
Paper not yet in RePEc: Add citation now
Obstfeld, M. (1986). Rational and Self-fulfilling Balance-of-Payments Crises. American Economic Review 76(1), 72–81.
Oh, F. D. (2013). Contagion of a liquidity crisis between two firms. Journal of Financial Economics 107, 386–400.
Pavlova, A. and R. Rigobon (2008). The Role of Portfolio Constraints in the International Propagation of Shocks. Review of Economic Studies 75(4), 1215–56.
- Quarterly Journal of Economics 121(3), 823–866. Basu, R. (1998). Contagion crises: the investors’ logic. Mimeo.
Paper not yet in RePEc: Add citation now
Rancière, R., A. Tornell, and F. Westermann (2003). Crises and Growth: A Re-evaluation. NBER Working Paper 10073.
Rancière, R., A. Tornell, and F. Westermann (2008). Systemic Crises and Growth. Quarterly Journal of Economics 123(1), 359–406.
Rochet, J.-C. and X. Vives (2004). Coordination failures and the lender of last resort: was bagehot right after all? Journal of the European Economic Association 2(6), 1116–1147.
- Shadmehr, M. and D. Bernhardt (2015). State censorship. American Economic Journal: Microeconomics 7(2), 280–307.
Paper not yet in RePEc: Add citation now
- Szkup, M. and I. Trevino (2015). Information acquisition and transparency in global games. Journal of Economic Theory 160, 387–428.
Paper not yet in RePEc: Add citation now
Taketa, K. (2004). Contagion of Currency Crises across Unrelated Countries. IMES Discussion Paper No.
Van Rijckeghem, C. and B. Weder (2001). Sources of contagion: is it finance or trade? Journal of International Economics 54(2), 293–308.
Van Rijckeghem, C. and B. Weder (2003). Spillovers through banking centers: a panel data analysis of bank flows. Journal of International Money and Finance 22(4), 483–509.
Veldkamp, L. (2005). Slow Boom, Sudden Crash. Journal of Economic Theory 124, 230–257.
- Vives, X. (2005). Complementarities and Games: New Developments. Journal of Economic Literature 43, 437–479.
Paper not yet in RePEc: Add citation now
Vlastakis, N. and R. N. Markellos (2012). Information demand and stock market volatility. Journal of Banking & Finance 36(6), 1808–1821.