Indeed, in countries suffering the twin macro problems of a tight banking system and a current account deficit, the contagion from the global financial markets has been much higher.

目前，信贷供应紧张和经常项目赤字的并存给一些亚洲国家带来了双重宏观经济难题。对它们而言，全球金融市场动荡的打击尤为沉重。

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The IMF should provide emergency finance to help countries ward off global financial contagion.

BBC: Clinton urges global reform

American investors need to be aware that problems in the Eurozone will lead to global financial contagion, a worldwide recession and a possible repeat of a crisis like the one that followed the 2008 Lehman bankruptcy.

FORBES: Euro Crisis Will Only Get Worse And Do Serious Damage To Investors

During his time at the Fed, McDonough helped rewrite capital rules for banks and helped guide bankers' response to several global financial crises, including the Asian contagion of 1997 and the aftermath of the Sept. 11, 2001, terrorist attacks.

FORBES: Magazine Article