International Contagion: Implications for Policy

  • Roberto Chang
  • Giovanni Majnoni


The current debate on financial contagion is motivated by a number of policy questions. What can we do to prevent contagion? Should we do anything about it? In this chapter we attempt to identify and evaluate the public policy implications of recent research on financial contagion.


Foreign Investor Moral Hazard Financial Contagion Exchange Rate Regime Capital Control 
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Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • Roberto Chang
    • 1
  • Giovanni Majnoni
    • 2
  1. 1.Rutgers UniversityUSA
  2. 2.The World BankUSA

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