"financial spillover" is a correct and usable phrase in written English.
It refers to the impact or effect that a financial event or action in one area has on other related areas or industries. Example: The collapse of the housing market had significant financial spillover, causing a ripple effect on the stock market and consumer spending.
Deutsche Bank, it said, was not only "one of the most important net contributors to systemic risks in the global banking system"; it was also a contagious agent, because of heavy financial "spillover" between Deutsche Bank and other lenders and insurers.
Yet if they agree to the extensive demands of the EU for further liberalization of services in the TISA, developing countries would be exposing themselves to greatly expanded financial spillover effects, coupled with handcuffs on their ability to respond to a potential crisis by increasing access to public services.
"The potential economic and financial spillovers to the rest of the euro area remain sizable, should financial market turmoil related to the Italian sovereign debt intensify again," the report said.
Overall, countries in the region were relatively sheltered from the financial spillovers, but suffered from reduced demand.
The extent to which financial spillovers have compromised policy traction thus appears to be lower relative to studies based on common variation in bond yields.
As bouts of uncertainty about the smoothness of China's growth slowdown and policy changes often spark global risk aversion episodes, financial spillovers extend way beyond those economies that have developed deeper financial links with China.
In January, the IMF said it would need $600 billion in new resources to help "innocent bystanders" who might be affected by economic and financial spillovers from Europe's travails.
Overall, our findings shed light on the dynamics of financial stress spillovers in the Asian financial markets.
Employing a generalized vector autoregression (VAR) framework, this paper examines financial stress spillovers in five Asian countries, namely, China, South Korea, Malaysia, Thailand, and the Philippines, during turmoil periods.
With the latest market assault this week on French financial institutions, the spillover from the debt crisis has now reached the German border.
Additionally, as another common interdependence in the financial crisis, negative spillover refers to the negative co-movement of asset prices between several financial markets in the crisis.
