Financial Contagion
Rapid spread of financial crisis from one country/market to others.
Real World
When Lehman Brothers collapsed in September 2008, financial contagion rapidly spread to UK banks like RBS and HBOS, requiring a £500 billion government bailout to prevent systemic failure.
Exam Focus
Use the 2008 crisis as your anchor case study; explain the transmission mechanism (not just 'it spread') to access top marks.
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