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Financial Crisis Contagion

In: Illustrating Finance Policy with Mathematica

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  • Nicholas L. Georgakopoulos

    (Indiana University)

Abstract

Whereas the analysis of finance rests on rationality, its lived experience is one of euphorias and crashes that can have devastating consequences. This chapter discusses the evidence of crashes and the safeguards that the legal system uses, especially in light of the experience with the financial crisis of 2008, which circumvented the safety measures that had been designed largely in response to the Great Depression.

Suggested Citation

  • Nicholas L. Georgakopoulos, 2018. "Financial Crisis Contagion," Quantitative Perspectives on Behavioral Economics and Finance, in: Illustrating Finance Policy with Mathematica, chapter 0, pages 201-219, Palgrave Macmillan.
    • Handle: RePEc:pal:qpochp:978-3-319-95372-4_11
    DOI: 10.1007/978-3-319-95372-4_11
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