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 episode...
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| Format: | Book |
| Language: | English |
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Cambridge, MA :
Massachusetts Institute of Technology, Dept. of Economics,
[2009]
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| Edition: | Rev |
| Series: | Working paper (Massachusetts Institute of Technology. Department of Economics) ;
no. 09-17, 2009 |
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