Furthermore, the whole world is fearful of financial contagion.

He said the American proposal would "provide contingent finance to help countries ward off global financial contagion."

The cause of financial contagion usually is beyond the explanation of real economy, such as the bilateral trade volume.

In addition, there are some less-developed explanations for financial contagion.

The notion that financial contagion is a thing of the past gets mixed reviews from other experts in international economics.

Then the single default can be managed while limiting financial contagion.

Brazil was quickly sized up as the next victim of the financial contagion spreading around the globe.

But even they have weak points, which financial contagion exploits.

Before the Mexican peso crisis in late 1994, only economists talked about "financial contagion."

More recently she has been researching financial contagion.