What does the word ‘contagion’ mean to you? Most of us probably think of the flu – a virus transmitted in small doses over a large area; unless it’s effectively treated by medication. But contagion is endemic to the money markets too, and if it’s treated efficiently, the results can be just as catastrophic. We then continue our look at the 1997 Asian crisis – how the same conditions that led to the boom contained the ingredients of disaster. We examine the role of all parties involved – the rating agencies, banks and traders – in order to see what lessons can be learned about how contagion can spread so far and fast.
Upon purchase of this module you will have access to a comprehensive set of lecture notes and two lecture videos.