From Wall Street to Main Street: Contagion's Impact on the Global Economy

Описание: #learncity
Contagion in finance refers to the spread of financial problems, such as a crisis or a downturn, from one institution, market, or country to another. It occurs when the failure of one entity or market has a domino effect on other entities or markets, causing a chain reaction of financial distress. This can happen due to interconnectedness among financial institutions, such as through their use of similar financial products, or through cross-border trade and investment. Contagion can amplify the impact of financial shocks and lead to systemic risk, which poses a threat to the stability of the financial system as a whole.

Timestamps
0:00 -intro
0:05 -Contagion
0:35 -Term Contagion

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