||5 of 8 people found the following review helpful.| A fundamental element to understand Financial Contagian and the Legal and Regulatory Response in the US|By Jonathan Malamud|Professor Scott's work is a strong overview of the philosophical and policy considerations behind the US legal and regulatory response to the Great Reecession. This book will be an important part of the library of material which sets out both the history|||Anyone with good sense should want to consider Hal Scott's thoughtful analysis of our policy response to the last financial crisis. Agree or disagree, Scott's views deserve careful consideration in the debates over financial stability that are sure to come.
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 the ... [PDF.rc58] Connectedness and Contagion: Protecting the Financial System from Panics (MIT Press) Rating: 3.87 (730 Votes)
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You can specify the type of files you want, for your device.Connectedness and Contagion: Protecting the Financial System from Panics (MIT Press) | Hal S. Scott. A good, fresh read, highly recommended.
