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The Concept and History of Contagion

Hal S. Scott

in Connectedness and Contagion: Protecting the Financial System from Panics

Published in print:
2016
Published Online:
January 2017
ISBN:
9780262034371
eISBN:
9780262332156
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262034371.003.0002
Subject:
Economics and Finance, Economic History

This chapter discusses the second of the three components of systemic risk: contagion. Contagion involves run behavior, whereby fears of widespread financial collapse lead to the withdrawal of ... More


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