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] Interconnectedness among financial institutions (banks) can play a major role in precipitating systemic financial crises. [2] It does so …, and acquire loans originated by other banks. Interconnectedness of this sort can obscure information, resulting in banks … interconnectedness. The optimal degree of regulation may depend on depositors' degree of risk aversion and may not eliminate financial …
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Based on a review of international and regional responses to the global financial and economic crisis and its implications for finance in Asia, Douglas Arner and Lotte Schou-Zibell draw lessons for Asian financial systems with regard to the scope of regulation; financial standards; supervision,...
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large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify …
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