Contents -- I. Introduction -- II. Related Literature -- III. Model -- A. Environment -- B. Information Structure -- C. Timing -- D. Investor's Problem -- E. Firm's Problem -- F. Endogenizing the Share of Informed Investors -- G. Summary of Model and Testable Hypotheses -- IV. Empirical Analysis -- A. Methodology -- B. Data -- C. Results -- V. Conclusion -- VI. Appendix -- References -- Tables -- 1. Step 1- Effect of Crisis in "Country A" on Uncertainty in "Country B" -- 2. Step 2-Effect of Uncertainty on Probability of Crisis, all Initial Crisis Countries -- 3. Step 2-Effect of uncertainty on probability of crisis, without any interaction -- 4. Marginal Effect of Uncertainty on the Probablity of a Crisis -- 5. Sample of Countries -- 6. List of Variables -- 7. Step 2-Effect of Uncertainty on the Probablity of a Crisis, Restricting Attention to the Mexican, Russian and Thai Crises -- 8. Step 2-Effect of Uncertainty on the Probablity of a Crisis, Additional Control for Common Overexposed Fund Investors -- Figures -- 1. Uncertainty Around the Period of the Thai Crisis -- 2. Uncertainty Around the Period of the Argentine Crisis.