INTERCONNECTEDNESS AND CONTAGION
11/20/2012 CCMRThe study engages in a detailed analysis of
interconnectedness in the context of the failure of Lehman
Brothers and concludes that interconnectedness was not a major
cause of the recent financial crisis.
The study comes to the conclusion that contagion was the primary cause of the financial crisis and that short-term funding in particular is the primary source of systemic instability.
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The study comes to the conclusion that contagion was the primary cause of the financial crisis and that short-term funding in particular is the primary source of systemic instability.
More information
Download PDF