Financial contagion: geographical proximity or trade link?
Bibliographic record
Abstract
We found the presence of contagion effects during the recent Global Finance Crisis. The shocks stemming from US shocks did cause excessive impacts in other stock markets. This finding did not appear in all markets, only Argentina, Canada, Mexico and Japan exhibited statistically significant signs of contagion. An important problem which arises from these findings is identifying why only Argentina, Canada, Mexico and Japan appear to be the only markets affected. We used Panel model found contagion through geographical proximity of a country impacted on the severity of contagion. We also investigate whether trade was the true culprit behind the contagion phenomenon during the GFC and found overall trade was not a significant determinant of contagion. Our paper supports the findings in Collins and Gavron (2004) which suggest contagion maybe a culmination of multiple linkages factors.
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How this classification was reachedexpand
Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.003 | 0.001 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.001 | 0.000 |
| Bibliometrics | 0.003 | 0.005 |
| Science and technology studies | 0.001 | 0.002 |
| Scholarly communication | 0.000 | 0.001 |
| Open science | 0.001 | 0.001 |
| Research integrity | 0.001 | 0.002 |
| Insufficient payload (model declined to judge) | 0.002 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one teacher head, not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".