yes, but the contagion is more likely the more integrated the system.
On Wed, Sep 18, 2002 at 08:52:45AM -0700, Devine, James wrote:
Michael Perelman writes:
The local monopolies of banking -- especially in rural areas -- also
tended to make the risks of banking failure more local. Sort
In a message dated 9/18/2002 12:27:43 PM Eastern Daylight Time, [EMAIL PROTECTED] writes:
yes, but the contagion is more likely the more integrated the system.
I agree, though not just viewing contagion as a local vs. national issue, but as a single financial service provider vs. financial
Devine, James wrote:
Michael Perelman writes:
The local monopolies of banking -- especially in rural areas -- also
tended to make the risks of banking failure more local. Sort
of like an electricity grid. When it is more local, failures are more
common, but localized. When a more