This short policy article discusses the concept of wake-up call contagion: https://www.suerf.org/suer-policy-brief/50019/wake-up-call-contagion

It is based on our recently published paper: Ahnert, Toni and Christoph Bertsch (2022). “A Wake-Up Call Theory of Contagion.” Review of Finance, Volume 26, Issue 4, Pages 829-854, 2022. https://doi.org/10.1093/rof/rfac025.