Risk and Global Economic Architecture: Why Full Financial Integration May Be Undesirable

267 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Where Modern Macroeconomics Went Wrong (2017, unknown): “54 See Shiller (2007) and Stiglitz (2010b).”
Cross-Border Interbank Networks, Banking Risk and Contagion (2015, background): “However, cross-links can be detrimental and cause feedback effects if they are maintained to banking systems under financial distress (see also Stiglitz 2010).”
The Network of Global Corporate Control (2011, background): “Recent works have shown that when a financial network is very densely connected it is prone to systemic risk [16,24].”
The Political Economy of Global Finance: A Network Model (2013, background): “See, e.g., Summers 2000; Rogoff 1999; Fischer 1999; Stiglitz 2010b, 2010a; Claessens et al. 2010; Mosley and Singer 2009, 421.”
Macroeconomic Fluctuations, Inequality, and Human Development (2012, background): “38 For a general theoretical discussion of these issues, see Stiglitz (2010a, 2010b).”
Liaisons dangereuses: Increasing connectivity, risk sharing, and systemic risk (2012, methodology): “The interplay of interdependence and trend reinforcement of financial robustness has not been modeled so far in a dynamic model, although the idea is present in several previous works (Stiglitz and Greenwald, 2003, e.g. 140-141).”
Financial Openness and Productivity (2009, unknown): “Second, when we consider an alternative regression in which we replace trade openness with the trade liberalization dates reported in Wacziarg and Welch (2008), we find similar results.”