Archive for May 8th, 2008
Thursday, May 8th, 2008
The World Bank has a fairly comprehensive overview over different definitions of contagion and documents related to recent contagious events in the financial markets.
Some excerpts:
Broad Definition: Contagion is the cross-country transmission of shocks or the general cross-country spillover effects.
Restrictive Definition: Contagion is the transmission of shocks to other countries or ...
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Thursday, May 8th, 2008
In his article on Global Financial Architecture, Charles Calomiris defines "Contagion":
Correlations in asset returns are much higher across emerging market countries during crises than at other times, and even government bond yields move together to an unusual degree during financial crises. There are several explanations for this "contagion."
One is ...
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Thursday, May 8th, 2008
Glyn Holton wrote an article about how to detect fraud in the reports by Hedge Funds: using Benford's Law.
Benford's law, also called the first-digit law, states that in lists of numbers from many real-life sources of data, the leading digit is 1 almost one third of the time, and larger ...
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