Financial contagion occurs when a disturbance that is initially confined to a country or region spreads to other places like an epidemic. In a crisis, contagion may be global or national and may involve financial institutions or companies. It may also occur in families when salaries or purchasing power decrease. On the other hand, improvement in economic indicators like employment, the birth rate or technological development can trigger a scenario of positive contagion. When everything is so connected, is it possible to be immune to contagion?
In this exhibit visitors can explore various world financial events.