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07-17-2011, 08:00 PM
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Contagion in Three Forms Now Has Grip on Europe: Simon Johnson (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEMAaQRfEAWFE4xxSSoWTje5rTs9Q&url=http://www.bloomberg.com/news/2011-07-17/contagion-in-three-forms-now-has-grip-on-europe-simon-johnson.html)
Bloomberg
As international banks experienced or expected losses in Thailand after its currency devaluation, they became more cautious about lending to Malaysia and Indonesia. This restricted credit, pushed up interest rates and stifled the commercial paper ...

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