Complexity and financial panics
"During extreme financial crises, all of a sudden, the financial world that was once rife with profit opportunities for financial institutions (banks, for short), becomes exceedingly complex. Confusion and uncertainty follow, ravaging financial markets and triggering massive flight-to-quality e...
Main Authors: | National Bureau of Economic Research, Cambridge, Caballero, Ricardo J., Simsek, Alp |
---|---|
Institution: | ETUI-European Trade Union Institute |
Format: | TEXT |
Language: | English |
Published: |
Cambridge, MA
2009
NBER |
Subjects: | |
Online Access: | https://www.labourline.org/KENTIKA-19188008124919062809-Complexity-and-financial-panic.htm |
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