Bruce Mizrach

Dept. of Economics
Rutgers University
New Brunswick, NJ 08901-1248
United States
Tel: 9089061322

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: Rutgers University

NBER Working Papers and Publications

February 2012Comment on "Endogenous and Systemic Risk"
in Quantifying Systemic Risk, Joseph G. Haubrich and Andrew W. Lo, editors
December 1995Real Versus Pseudo-International Systemic Risk: Some Lessons from History
with Michael D. Bordo, Anna J. Schwartz: w5371
This paper considers the meaning of domestic and international systemic risk. It examines scenarios that have been adduced as creating systemic risk both within countries and among them. It distinguishes between the concepts of real and pseudo-systemic risk. We examine the history of episodes commonly viewed either as financial crises or as evidencing systemic risk to glean lessons for today. We also present some statistical evidence on possible recent systemic risk linkages between the stock markets of emerging countries. The paper concludes with a discussion of the lessons yielded by the record.

Published: Michael D. Bordo & Bruce Mizrach & Anna J. Schwartz, 1998. "Real versus Pseudo-International Systemic Risk Some Lessons from History," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 31-58. citation courtesy of

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