Contagion
in sentence
364 examples of Contagion in a sentence
Moreover, a
contagion
of social and economic breakdown would spread worldwide via computer networks and “digital wildfire” literally at the speed of light.
It is certainly the case that
contagion
will rage after any Greek restructuring.
The only other option – expelling struggling countries like Greece or Portugal from the eurozone – carries serious short-term risks of contagion, as well as long-term social, economic, and security risks, such as the inability to police their borders.
When the dust settled on the virulent pan-regional contagion, the Chinese economy had barely skipped a beat.
Contagion
is a very real threat to shared prosperity, and a strong, mutual commitment to self-restraint is the only prophylactic against it.
So it is possible that other fragile members – Spain, Portugal, and Italy – would be spared from financial
contagion
and the euro's viability would not be dramatically affected.
Even if EMU membership did not promise a more stable and competitive business environment, increased efficiency, and faster growth throughout the enlarged euro area, minimizing exposure to financial
contagion
is reason enough to join as soon as possible.
They believe that regulators can ring-fence capital supporting different business lines, to prevent
contagion
risk, and perhaps impose a surcharge on large “systemic” firms, to reflect the price of their implicit support from the central bank and government.
In the short term, the London summit mitigated financial
contagion
emanating from southern Europe; gave the World Bank additional resources to deal with the problem of trade finance for emerging-market exports; appeared to give the IMF more firepower and legitimacy; and seemed to catalyze coordinated fiscal stimulus to restore confidence.
Such self-reinforcing financial feedback is much more powerful in transmitting global economic
contagion
than ordinary commercial or trade exposures, as the world learned in 2008-2009.
A series of bank panics emanated from central Europe in the summer of 1931 and spread financial
contagion
to Great Britain, then to the US and France, and finally around the world.
Third, and no less important, is the speculative
contagion
that underlies any bubble.
The current boom has seen
contagion
within markets and across markets, as rising prices fuel popular excitement - and hence further price increases - in the same city, and then in other cities, even on the other side of the globe.
In contrast to the other two psychological causes, speculative
contagion
has a natural end.
Then,
contagion
within and across markets can work in a downward direction, propelling prices lower for years.
As much as Wall Street had a hand in the current crisis, it began as a broadly held belief that housing prices could not fall – a belief that fueled a full-blown social
contagion.
Such a system worked as long as events in one country did not have a negative impact on other borrowers and there was no systemic risk or systemic
contagion.
A retail ring-fence makes most sense if coupled with new a new resolution regime, which would allow a retail subsidiary to be wound up without
contagion
across the group.
More importantly, as the world’s leader in stringent, real-time censorship of electronic communications, China is strongly placed to block any Arab
contagion
from reaching its shores.
There is also the question of how to protect financial stability from risks arising from shadow banking, including the risk of
contagion
to traditional banking, which ring-fencing helps to contain.
The starting point of the
contagion
was investors’ realization that Europe’s rescue fund, the European Financial Stability Facility, was designed to provide emergency financial support only to the peripheral countries.
The positive growth outlook, following an estimated 5.1% GDP gain in 2007, is presented as a reliable defense against external
contagion.
Consequently, although the current crisis is expected to have a relatively minor effect compared to past upheavals, the possibility of
contagion
from turbulence in the US cannot be disregarded.
Unfortunately, Europe’s policymakers have twice let themselves been misled by politically convenient views of the crisis – first in 2007/2008, by supposing that the financial
contagion
came from the US, and nowadays, by blaming reckless fiscal policy in the southern eurozone.
But today, Africa’s pay-as-you-go practices are a powerful defense against financial
contagion.
Europe’s Dominos of DoomBRUSSELS – The fear of
contagion
has spread over Europe.
As long as Spain and Italy remain vulnerable, a Greek blowup could spark severe
contagion
before Germany’s election next year, jeopardizing Chancellor Angela Merkel’s chances of winning another term.
Contagion
soon spread across East Asia, with the ripple effects of serial currency devaluations reaching as far as Russia and Brazil.
Africa’s Growing War on CorruptionNAIROBI – To the chagrin of most Africans, the world has long viewed their continent through the prism of the three “Cs” – conflict, contagion, and corruption.
In both cases – financial stability and cyber security – the risk of
contagion
creates a situation in which a wedge can form between private incentives and social risks.
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