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Contagion amongst Banks

This will hardly surprise readers, but I’m somewhat partial to a networked-view of the world. Varies organizations/disciplines are realizing that seeing the world as networked helps to explain why things sometimes happen as they do. Diseases, information, learning, and social relationships are networked. The rise of blogs, Facebook, and Twitter has given people personal experiences of how connections form and influence the flow of information. Complex problems – like economics – cannot be fully understood outside of a network view. Valdis Krebs tackles the spread of “toxic assets” through banking systems: Contagion amongst Banks. For a short video of the financial connections, have a look at this Crisis of Credit video