The Dodd--Frank Act of 2010 was intended to reform financial policies in order to prevent another massive crisis such as the financial meltdown of 2008. Dodd--Frank is largely premised on the diagnosis that connectedness was the major problem in that crisis -- that is, that financial institutions were overexposed to one another, resulting in a possible chain reaction of failures. In this book, Hal Scott argues that it is not connectedness but contagion that is.
Connectedness and Contagion: Protecting the Financial System from Panics (MIT Press) ebook
Connectedness and Contagion: Protecting the Financial System from Panics (MIT Press) books pdf online
Connectedness and Contagion: Protecting the Financial System from Panics (MIT Press) ebook pdf epub mobi
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