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Welcome, ladies and gentlemen, to our discussion of health scotts new book, connectedness and contagion. Here it is. If you didnt notice, we have copies for sale. Its my pleasure to remind that youre welcome to buy a copy and how will be available to autograph them. Here we are in aei stylish new Conference Center to discuss a very old problem, namely how best to survive panics of which there have been many across the centuries and survive fear and distrust when financial actors try to withdraw to protect themselves, a rational strategy for each but as we all know not when they all do it at the same time. Highly interested historically but much more pressing when we consider as his book does in detail and what should we do in the next panic which would surely arrive sooner or later. Two centuries ago David Ricardo observed a general panic may seize the country when everyone ....
(Bloomberg) China’s recent crackdowns on overseas listings have thrown a wrench in the works of startups looking to go public, driving them to pursue investors in Asia’s rapidly growing private capital markets.