When an economic crisis in one country's bond or equity markets spreads to other countries which experience the same problems. The term comes from the more general definition of contagion, which is a highly transmittable disease.

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The French stock market crisis was an immediate concern for everyone in the European Union, who rightfully feared a financial contagion that would spread to every surrounding country.

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The contagion was released in an airport and was able to travel in an airborne manner, ensuring quick transmission of the virus to many people.

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Certain, incredibly dangerous contagion are kept locked away in high security labs to avoid the risk of a pandemic. I fear the idea of access falling into the wrong hands.

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contagion effects foreign exchange