But of course there are many other very interesting strands of research, some of which have been covered at this conference. Quite a few papers aim, for example, to create a deeper understanding of systemic risk and contagion mechanisms, which are surely key issues when it comes to dealing with future crises.
In their paper “Structural Estimation of Systemic Risk: Measuring Contagion in the Sub-Prime Crisis”, Rigobon and his co-authors have developed a measure of international contagion which allows us to assess the role of systemic risk for the global economy. 4.