Regional Contagion and the Globalization of Securities Markets
收藏NBER1999-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7153
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This paper argues that the globalization of securities markets may promote contagion among investors by weakening incentives for gathering costly country-specific information and by strengthening incentives for imitating arbitrary market portfolios. In the presence of short-selling constraints, the
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美国国家经济研究局创建时间：
1999-06-01
