First Sentence:
In the wake of recent balance-of-payments crises in Mexico (1994-1995) and Thailand (1997) and their spillovers to other emerging market countries (EMCs), there has been renewed interest in the origins of multicountry financial crises and the nature of their cross-border transmission.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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multicountry crises, contagious crises, asset price collapses, common external shock, trigger variable, financial contagion, crisis indicators, crisis episodes, full sample period, common shock, causality tests, market turbulence, herd behavior, stock price movements, emerging market countries
Key Phrases - Capitalized Phrases (CAPs):
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South Africa, Hong Kong, United States, Gulf War, Reserve Bank, United Kingdom, Collapses of Sample, Latin American, Southeast Asian, Currency Argentina, Stock Brazil, The Economist, Case Study, International Monetary Fund, Number Triggering Event, Tiananmen Square
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