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7/23/2019 Liquidity and Contagion in Financial Markets http://slidepdf.com/reader/full/liquidity-and-contagion-in-financial-markets 1/61 Fordham University DigitalResearch@Fordham CRIF Working Paper series Frank J. Petrilli Center for Research in International Finance 9-16-1999 Liquidity and Contagion in Financial Markets David Backus  New York University Silverio Foresi Goldman Sachs Asset Management Liuren Wu Fordham University Follow this and additional works at: hp://fordham.bepress.com/crif_working_papers Part of the Finance and Financial Management Commons Tis Article is brought to you for free and open access by the Frank J. Petrilli Center for Research in International Finance at DigitalResearch@Fordham. It has been accepted for inclusion in CRIF Working Paper series by an authorized administrator of DigitalResearch@Fordham. For more information, please contact [email protected] . Recommended Citation Backus, David; Foresi, Silverio; and Wu, Liuren, "Liquidity and Contagion in Financial Markets" (1999). CRIF Working Paper series. Paper 31. hp://fordham.bepress.com/crif_working_papers/31

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Fordham University 

DigitalResearch@Fordham

CRIF Working Paper seriesFrank J. Petrilli Center for Research in International

Finance

9-16-1999

Liquidity and Contagion in Financial MarketsDavid Backus New York University

Silverio ForesiGoldman Sachs Asset Management 

Liuren WuFordham University

Follow this and additional works at: hp://fordham.bepress.com/crif_working_papers

Part of the Finance and Financial Management Commons

Tis Article is brought to you for free and open access by the Frank J. Petrilli Center for Research in International Finance at

DigitalResearch@Fordham. It has been accepted for inclusion in CRIF Working Paper series by an authorized administrator of 

DigitalResearch@Fordham. For more information, please contact [email protected].

Recommended CitationBackus, David; Foresi, Silverio; and Wu, Liuren, "Liquidity and Contagion in Financial Markets" (1999). CRIF Working Paper series.Paper 31.hp://fordham.bepress.com/crif_working_papers/31

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