Fuelled by hope and fear, cryptocurrency markets are primed for contagion
- Written by Paul Mazzola, Lecturer Banking and Finance, Faculty of Business and Law, University of Wollongong
Financial contagions can be triggered easily, if conditions are right. First one financial institution falls and then others follow, like a chain of falling dominoes.
The cinder that sparked the global financial crisis in 2007 is considered by many to have been a March 14 briefing by executives of the Lehman Brothers’ investment...