Contagion is a form of financial panic, in which the devaluation of exchange rates by one country leads to similar devaluations at about the same time by other, often nearby, countries.

Webster Dictionary Meaning

1. Contagion
- The transmission of a disease from one person to another, by direct or indirect contact.
- That which serves as a medium or agency to transmit disease; a virus produced by, or exhalation proceeding from, a diseased person, and capable of reproducing the disease.
- The act or means of communicating any influence to the mind or heart; as, the contagion of enthusiasm.
- Venom; poison.
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