{"product_id":"theories-of-contagion-von-andreas-vester","title":"Theories of Contagion","description":"\u003cp\u003eRevision with unchanged content. After the Mexican, Asian, and Russian financial crisis, the phenomenon of  contagion became increasingly important. Existing studies indicate that various  explanations for the transmission of crises exist. This book gives an overview  over theories that try to explain contagion caused by portfolio flows of  international investors. Theories such as the occurrence of information cascades,  the effects of international portfolio diversification and optimization,  the importance of information asymmetries, cross-market re-balancing effects,  risk aversion, and wealth effects are discussed in detail. The analysis  suggests that information asymmetries and changes in risk aversion hold an  important role in explaining contagious sellouts. The book addresses itself to  economists, policy makers as well as portfolio and fund manager.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783639395655\"\u003e\u003ch3\u003eThe Role of International Portfolio Flows\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783639395655","offer_id":39484111913053,"sku":"9783639395655","price":42.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/6b563dad-f64b-4688-93c0-528bc04c9aec.jpg?v=1776491883","url":"https:\/\/shop.autorenwelt.de\/products\/theories-of-contagion-von-andreas-vester","provider":"Autorenwelt Shop","version":"1.0","type":"link"}