Caramazza, F., Ricci, L. & Salgado, R. (2004) 'International financial contagion in currency crises', Journal of International Money and Finance, 23 (1), February, pp. 51-70.
Analyse the methods and assumptions used by the authors to investigate the importance of financial weaknesses and linkages in the three crises explained. On the basis of the evidence presented, how convincing is their conclusion of the subsequent: 'The common creditor is the most important and significant variable, and provides an economic explanation for the regional concentration of crises'?