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Govi Altay Travel on There is empirical evidence that CONTAGION, regional spread of currency crises, may occur through trade linkage among countries. BIBLIOGRAPHY. R. Chang and A. Velasco, The Asian Financial Crisis in Perspective, Private Capital Flows in the Age of Globalization: The aftermath of the Asian Crisis (International Bank for Reconstruction and Development, 2000); G. Kaminsky and C. Reinhart, The Twin Crises: The Causes of Banking and Balance-of-Payments Problems, American Economic Review (v. Govi Altay Travel 2016.