Financial Crisis and Global Governance : A Network Analysis
This paper attempts to use network theory, drawn from recent work in sociology, engineering, and biological systems, to suggest that the current crisis should be viewed as a network crisis. The author surveys the concepts of networks, their definin...
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| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/143071468174883223/Financial-crisis-and-global-governance-a-network-analysis http://hdl.handle.net/10986/27785 |
| Summary: | This paper attempts to use network
theory, drawn from recent work in sociology, engineering,
and biological systems, to suggest that the current crisis
should be viewed as a network crisis. The author surveys the
concepts of networks, their defining characteristics,
applications to financial markets, and the need for
supervision and implications for national and global
governance. Then, author briefly examines the current
financial crisis in the light of the network analysis and
surveys the recent reforms in financial regulation and
architecture. The paper concludes with an analysis of the
policy implications of network analysis. |
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