NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Transmission of the U.S. Subprime Crisis to Emerging Markets: Evidence on the Decoupling-Recoupling Hypothesis

Michael P. Dooley, Michael M. Hutchison

NBER Working Paper No. 15120
Issued in June 2009

---- Acknowledgements -----

This paper was prepared for the JIMF/Warwick Conference on April 6, 2009. We thank Mahir Binici and Gurnain Pasricha for data collection and helpful comments from participants at the conference, especially Duncan Shand, Michael Melvin and Mark Taylor. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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