The tendency of an economic crisis to spread from one market to another In 1997, financial instability in Thailand caused high volatility in its domestic currency, the Baht, which triggered a contagion into other East Asian emerging currencies, and then to Latin America It is now referred to as the Asian Contagion
the process of catching something, like a virus, but used in an economic sense, where the troubles of one economy spill over to another as investor confidence takes fright
That which serves as a medium or agency to transmit disease; a virus produced by, or exhalation proceeding from, a diseased person, and capable of reproducing the disease
Contagion is the spreading of a particular disease by someone touching another person who is already affected by the disease. They have been reluctant to admit AIDS patients, in part because of unfounded fears of contagion
n a process whereby operations on objects of differing types (e g , arithmetic on mixed types of numbers) produce a result whose type is controlled by the dominance of one argument's type over the types of the other arguments See section Contagion in Numeric Operations