From Financial Times
Interdependency between banks, insurers and countries through financial instruments was a factor blamed for the financial crisis. Now, academics are trying to measure it. Bob Merton, professor of finance at MIT Sloan, explains to John Authers that credit seems even more interconnected now.
Robert C. Merton is the School of Management Distinguished Professor of Finance at the MIT Sloan School of Management.
Watch the video at the Financial Times.