对不起，此内容只适用于English。
对不起，此内容只适用于English。
对不起，此内容只适用于English。
对不起，此内容只适用于English。
对不起，此内容只适用于English。
The paper is the first attempt to construct an early warning system based on financial contagion using copula functions methodology. Estimations are based on time series of daily return rates for eleven largest regional financial markets in 1996-2010 and cover major crises of 1998, 2004 and 2008.