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Financial Contagion

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Financial Contagion
A negative occurrence in one market, industry, or country that impacts other markets, industries, or countries. For example, problems in the U.S. financial markets starting in 2007 spread to other industries quickly and by 2008 had become a global financial crisis. Likewise, Japan's financial crisis in the 1990s had repercussions all over East Asia and elsewhere. See also: Globalization.

financial contagion
A financial problem that spreads among companies or regions. For example, Russia's 1998 default triggered sharp declines in the market values of debt issued by emerging countries.


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The economies in the Middle East and North Africa are recovering from the impact of financial contagion, and green shoots are beginning to appear.
The economies in the Middle East and North Africa are recovering from the impact of financial contagion, and green shoots are beginning to appear.
A year after Lehman Brothers imploded and unleashed global financial contagion, President Barack Obama will argue Monday that his policies are rescuing a US financial system that was near collapse.
 
 
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