Financial Law and Risk Control
Systemic Risk
Steven L. Schwarcz
- Year
- 2008
- Venue
- Georgetown Law Journal
- Level
- Advanced
Summary
Develops a legal and economic framework for identifying systemic risk beyond individual banks. It links disintermediated markets, tragedy-of-the-commons incentives, transmission channels, and the case for regulation.
Citation
Steven L. Schwarcz. "Systemic Risk." Georgetown Law Journal, 2008.
BibTeX
@article{Schwarcz2008Systemic,
title = {Systemic Risk},
author = {Steven L. Schwarcz},
year = {2008},
journal = {Georgetown Law Journal},
url = {https://scholarship.law.duke.edu/faculty_scholarship/1903/}
}