WHAT IT IS
Contagion is when trouble in one institution or country spreads to others.
WHY IT MATTERS
It can turn a local crisis into a global one.
EXAMPLE
Lehman's failure in 2008 spread fear and funding stress to banks worldwide.
RELATED CONCEPTS
WHAT IT IS
Contagion is when trouble in one institution or country spreads to others.
WHY IT MATTERS
It can turn a local crisis into a global one.
EXAMPLE
Lehman's failure in 2008 spread fear and funding stress to banks worldwide.
RELATED CONCEPTS