How Long to Read Connectedness and Contagion

How Long Does it Take to Read Connectedness and Contagion?

It takes the average reader 7 hours and 34 minutes to read Connectedness and Contagion by Hal S. Scott

Assuming a reading speed of 250 words per minute. Learn more

Description

An argument that contagion is the most significant risk facing the financial system and that Dodd¬Frank has reduced the government's ability to respond effectively. The Dodd–Frank Act of 2010 was intended to reform financial policies in order to prevent another massive crisis such as the financial meltdown of 2008. Dodd–Frank is largely premised on the diagnosis that connectedness was the major problem in that crisis—that is, that financial institutions were overexposed to one another, resulting in a possible chain reaction of failures. In this book, Hal Scott argues that it is not connectedness but contagion that is the most significant element of systemic risk facing the financial system. Contagion is an indiscriminate run by short-term creditors of financial institutions that can render otherwise solvent institutions insolvent. It poses a serious risk because, as Scott explains, our financial system still depends on approximately $7.4 to $8.2 trillion of runnable and uninsured short-term liabilities, 60 percent of which are held by nonbanks. Scott argues that efforts by the Federal Reserve, the FDIC, and the Treasury to stop the contagion that exploded after the bankruptcy of Lehman Brothers lessened the economic damage. And yet Congress, spurred by the public's aversion to bailouts, has dramatically weakened the power of the government to respond to contagion, including limitations on the Fed's powers as a lender of last resort. Offering uniquely detailed forensic analyses of the Lehman Brothers and AIG failures, and suggesting alternative regulatory approaches, Scott makes the case that we need to restore and strengthen our weapons for fighting contagion.

How long is Connectedness and Contagion?

Connectedness and Contagion by Hal S. Scott is 439 pages long, and a total of 113,701 words.

This makes it 148% the length of the average book. It also has 139% more words than the average book.

How Long Does it Take to Read Connectedness and Contagion Aloud?

The average oral reading speed is 183 words per minute. This means it takes 10 hours and 21 minutes to read Connectedness and Contagion aloud.

What Reading Level is Connectedness and Contagion?

Connectedness and Contagion is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Connectedness and Contagion?

Connectedness and Contagion by Hal S. Scott is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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