Which of the following explains the spread of financial crises from one country to another?
A)Global contagion
B)Moral hazard
C)Butterfly trade
D)The Doppler effect

Question

Quizplus · Accepted Answer

Global contagion refers to the phenomenon where a financial crisis in one country can quickly spread to other countries due to the interdependent and interconnected nature of the global economy.

Which of the Following Explains the Spread of Financial Crises