Financial and Monetary Systems

What is systemic risk and how does it lead to a banking crisis?

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How is it possible that the collapse of a relatively small financial institution could be so contagious? Image: Unsplash/Sean Pollock

Spiros Bougheas
Professor of Economics, University of Nottingham
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Financial and Monetary Systems

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Nobel laureates Douglas Diamond (middle) and Philip Dybvig (right) beside fellow economics winner Ben Bernanke.
Nobel laureates Douglas Diamond (middle) and Philip Dybvig (right) beside fellow economics winner Ben Bernanke. Image: Claudio Bresciani/EPA-EFE


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Financial and Monetary SystemsGlobal RisksGeo-economics
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