Tag Archives for charles calomiris
Contagion – Definition by Calomiris
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 … Continue reading
Global Financial Architecture – Article by Charles W. Calomiris
Charles Calomiris article on a New Global Financial Architecture from October 1998 is an interesting document, outlining the criticism of the International Financial Institutions (IFIs). He starts with an interesting claim: Economics normally provides rather dismal news, emphasizing tradeoffs among … Continue reading