Economic Crisis and Firm Contagion: The Mexican Experience (Crisis Economica Y Contagio Empresarial: La Experiencia Mexicana)
18 Pages Posted: 10 Mar 2004
Date Written: March 8, 2004
The term financial contagion often refers to contagion between countries. However, firms also manifest contagion during financial crises, which can be determined according to operational and financial results. This research studies how 88 private, non-financial Mexican firms got contagion and recovery from the 1994 economic crisis. Results show that the periods and degree of contagion and recovery depend on the industry and size of companies.
Note: Downloadable document is in Spanish.
Keywords: contagion, financial crisis, firm-level data
JEL Classification: G0, G30, F3
Suggested Citation: Suggested Citation