. "1803851"^^ . . "Por contagio financiero se hace referencia a un escenario econ\u00F3mico en el cual peque\u00F1os shocks, que inicialmente afectaban solo a unas pocas instituciones financieras o a una regi\u00F3n en particular de una econom\u00EDa, se extienden al resto del sector financiero y hacia otros pa\u00EDses cuyas econom\u00EDas estaban previamente saneadas, y ello de modo similar a la trasmisi\u00F3n de una enfermedad m\u00E9dica. El contagio financiero puede ocurrir tanto a nivel internacional como dom\u00E9stico."@es . . . . . . . . . . . . . "Cont\u00E1gio financeiro refere-se ao cen\u00E1rio em que pequenos choques, que inicialmente afetam apenas algumas institui\u00E7\u00F5es financeiras ou um determinada regi\u00E3o de uma economia, alastram ao resto dos setores financeiros e outros pa\u00EDses cujas economias eram antes saud\u00E1veis, de forma algo semelhante \u00E0 transmiss\u00E3o de uma doen\u00E7a. Pode ter extens\u00E3o nacional ou internacional."@pt . . "1100754939"^^ . . . . . . . . . . . "La contagion financi\u00E8re est la transmission de perturbations dans les march\u00E9s financiers entre les agents \u00E9conomiques (notamment les banques, les interm\u00E9diaires financiers, les fonds d'investissement, etc.). Cette contagion se refl\u00E8te par un processus d'entra\u00EEnement entre des agents \u00E9conomiques ou entre des actifs financiers : la chute des prix de certains actifs entra\u00EEne la chute des prix d'autres actifs, ou la faillite d'une banque entra\u00EEne d'autres dans sa chute."@fr . . . . . . . . . . "Cont\u00E1gio financeiro"@pt . "Por contagio financiero se hace referencia a un escenario econ\u00F3mico en el cual peque\u00F1os shocks, que inicialmente afectaban solo a unas pocas instituciones financieras o a una regi\u00F3n en particular de una econom\u00EDa, se extienden al resto del sector financiero y hacia otros pa\u00EDses cuyas econom\u00EDas estaban previamente saneadas, y ello de modo similar a la trasmisi\u00F3n de una enfermedad m\u00E9dica. El contagio financiero puede ocurrir tanto a nivel internacional como dom\u00E9stico. A nivel dom\u00E9stico, suele ser la ca\u00EDda de un banco local o de un intermediario financiero la que activa la trasmisi\u00F3n, provocando el default de sus pasivos y, consecutivamente, una espiral de venta de activos en una , lo que lleva a socavar la confianza en otros bancos similares. Un ejemplo de este fen\u00F3meno es la ca\u00EDda del banco estadounidense Lehman Brothers y la posterior crisis financiera en los mercados financieros de Estados Unidos. El contagio financiero internacional ocurre tanto en econom\u00EDas avanzadas como en v\u00EDas de desarrollo. Consiste en la trasmisi\u00F3n internacional de una crisis financiera desde un determinado pa\u00EDs y a trav\u00E9s de los mercados financieros hacia otras econom\u00EDas. La causa de un contagio financiero suele desbordar, normalmente, las explicaciones basadas en la econom\u00EDa real (como por ejemplo el volumen de comercio bilateral)."@es . . . . . . . . . "Contagion financi\u00E8re"@fr . . . . . . . . . . . . "Financial contagion refers to \"the spread of market disturbances \u2013 mostly on the downside \u2013 from one country to the other, a process observed through co-movements in exchange rates, stock prices, sovereign spreads, and capital flows\". Financial contagion can be a potential risk for countries who are trying to integrate their financial system with international financial markets and institutions. It helps explain an economic crisis extending across neighboring countries, or even regions."@en . . "Cont\u00E1gio financeiro refere-se ao cen\u00E1rio em que pequenos choques, que inicialmente afetam apenas algumas institui\u00E7\u00F5es financeiras ou um determinada regi\u00E3o de uma economia, alastram ao resto dos setores financeiros e outros pa\u00EDses cujas economias eram antes saud\u00E1veis, de forma algo semelhante \u00E0 transmiss\u00E3o de uma doen\u00E7a. Pode ter extens\u00E3o nacional ou internacional."@pt . . "Contagion-Effekt (oder Ansteckungseffekt) ist in der Wirtschaft der Anglizismus f\u00FCr Finanz-, W\u00E4hrungs- oder Wirtschaftskrisen, die von einem Staat auf scheinbar unbetroffene und unter Umst\u00E4nden geographisch weit entfernt liegende Staaten \u00FCbertragen werden."@de . . . . "Contagio financiero"@es . . . . . . . . . . . . . . . . . . . . . . . "Financial contagion refers to \"the spread of market disturbances \u2013 mostly on the downside \u2013 from one country to the other, a process observed through co-movements in exchange rates, stock prices, sovereign spreads, and capital flows\". Financial contagion can be a potential risk for countries who are trying to integrate their financial system with international financial markets and institutions. It helps explain an economic crisis extending across neighboring countries, or even regions. Financial contagion happens at both the international level and the domestic level. At the domestic level, usually the failure of a domestic bank or financial intermediary triggers transmission when it defaults on interbank liabilities and sells assets in a fire sale, thereby undermining confidence in similar banks.An example of this phenomenon is the subsequent turmoil in the United States financial markets. International financial contagion, which happens in both advanced economies and developing economies, is the transmission of financial crisis across financial markets for direct or indirect economies. However, under today's financial system, with the large volume of cash flow, such as hedge fund and cross-regional operation of large banks, financial contagion usually happens simultaneously both among domestic institutions and across countries. The cause of financial contagion usually is beyond the explanation of real economy, such as the bilateral trade volume. The term financial contagion has created controversy throughout the past years. Some argue that strong linkages between countries are not necessarily financial contagion, and that financial contagion should be defined as an increase in cross-market linkages after a shock to one country, which is very hard to figure out by both theoretical model and empirical work. Also, some scholars argue that there is actually no contagion at all, just a high level of market co-movement in all periods, which is market \"interdependence\". More generally, there is controversy surrounding the usefulness of \"contagion\" as a metaphor to describe the \"catchiness\" of social phenomena, as well as debate about the application of context-specific models and concepts from biomedicine and epidemiology to explain the diffusion of perturbations within financial systems."@en . . . . . . . "La contagion financi\u00E8re est la transmission de perturbations dans les march\u00E9s financiers entre les agents \u00E9conomiques (notamment les banques, les interm\u00E9diaires financiers, les fonds d'investissement, etc.). Cette contagion se refl\u00E8te par un processus d'entra\u00EEnement entre des agents \u00E9conomiques ou entre des actifs financiers : la chute des prix de certains actifs entra\u00EEne la chute des prix d'autres actifs, ou la faillite d'une banque entra\u00EEne d'autres dans sa chute."@fr . . . . . . . . . . "35768"^^ . "Contagion-Effekt"@de . "Contagion-Effekt (oder Ansteckungseffekt) ist in der Wirtschaft der Anglizismus f\u00FCr Finanz-, W\u00E4hrungs- oder Wirtschaftskrisen, die von einem Staat auf scheinbar unbetroffene und unter Umst\u00E4nden geographisch weit entfernt liegende Staaten \u00FCbertragen werden."@de . . . . . . . . . . . . . . . . "Financial contagion"@en . . . .