Informational Contagion and the Entrepreneurial Production of Informational Remedies

Mathieu Bédard

No 96, CAE Working Papers from Aix-Marseille Université, CERGAM

Abstract: This article reassess informational financial contagion theory relevant to systemic risk in banking in the light of a coordination problem approach to economics, and then proceed to analyze and comment some related types of systemic risk policies. Typically, policies to limit or contain informational contagion place too much emphasis on disclosed explicit information search and neglect the circumstantial, ecological knowledge surrogates, stemming from the actions taken by market participants during informational contagion crises.

Keywords: Financial Contagion; Bank runs; Information; Uncertainty (search for similar items in EconPapers)
JEL-codes: D82 G01 G14 G33 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2012-02, Revised 2013-03
New Economics Papers: this item is included in nep-ban
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Citations: View citations in EconPapers (1)

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