The impact of innovation on systemic risk
The pace of financial innovation has led to an increasingly complex and interconnected financial system. But what effect does this have on systemic risk?
The New York Federal Reserve on Wednesday published a report, "New Directions for Understanding Systemic Risk", which brings together the opinions of more than 100 experts from fields as diverse as economic research, ecology, physics and engineering, to try an answer this question.
To read the paper, click here
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