Book notes: Connectedness and contagion, by Hal Scott


Hal S Scott, Connectedness and contagion: protecting the financial system from panics, The MIT Press, 2016, 416 pages

It is still early days to be drawing lessons from the economic and financial crises of 2008–09. But people do, and policy-makers must. In his detailed new book, Hal Scott, eminent Harvard Law School professor and director of the Committee on Capital Markets Regulation, argues that legislators and regulators in the US have drawn the wrong lessons.

Scott begins by distinguishing

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: