The October 1987 U.S. stock market crash was the largest one-day decline in stock market values. ... Furthermore, WorldCom filed for bankruptcy on July 21, 2002athe largest in U.S. history at the time. ... 1 Widespread financial stress defined as periods, during which at least 50 percent of advanced economies GDP is inanbsp;...
|Title||:||The Transmission of Financial Stress from Advanced to Emerging Economies|
|Publisher||:||International Monetary Fund -|