Contagion: Chain Reactions and the CoCo Powder Keg
Many Happy Returns
Introduction
When a financial institution gets into trouble, it can cause a chain reaction. Contagion can be rapid, unpredictable and destabilising. What factors cause these crises to spread and what we should do about it as investors. And in today's dumb question of the week, what is a cocoa and are they about to pop?
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