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This "contagion" between seemingly unrelated financial markets and assets caused (in President Clinton's words) "the most dangerous financial crisis for 50 years".Things are a bit different today.
Michael F. Geoghegan, HSBC's chief executive, told analysts in a conference call on Monday that even though the bank expected "some contagion between Asia and the U.S., we haven't seen it yet".
This circularity, in turn, can explain both the remarkable severity of the crisis and the apparent vulnerability of the Asian economies to self-fulfilling crisis - which in turn helps us understand the phenomenon of contagion between economies with few visible economic links.
The paper provides explanations for the cross-holding of equity between firms in business groups, the contagion between the asset prices of such firms, and shows that a tax on intercorporate dividends may render the organization of such groups infeasible and lead to the creation of conglomerates.
In this work, the authors model contagion between units populated by immobile patients.
If a user collects an item before one of their friends, we say that there is a contagion between the user and the friend.
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These results support the neutrality of agricultural commodity markets to the effects of changes in oil prices and non-contagion between the crude oil and agricultural markets.
The FPC has commissioned analysis from the Financial Conduct Authority of the way contagion spreads between markets.
Contagion effects between risky investor and reference entity make the optimal strategy coupled with the value function of the control problem.
The experiment tested whether emotional contagion occurs between individuals on Facebook, a question the authors (a Facebook scientist and two academics) tested by using an automated system to reduce the amount of emotional content in Facebook news feeds.
We now introduce the normalized contagion count between two users as c_{ij}=frac{n_{ij}}{k_{i} k_{j}}k_{mathrm{min}}, (2) where (n_{ij}) is the number of items collected first by user i and later by user j.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com