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9780198820413

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Gai provides a fresh look at these increasingly important fields... Ultimately, Gai successfully argues that a proper assessment of systemic risk and contagion requires an understanding of network dynamics. * Financial Analysts Journal *

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Prasanna Gai is Professor of Macroeconomics at the University of Auckland. He is a member of the Advisory Scientific Committee of the European Systemic Risk Board (2016-19) and was Special Adviser to the Governor of the Bank of Canada (2010-11). Prior to his current position at Auckland, Professor Gai was Professor of Economics at the Australian National University and served as Senior Adviser at the Bank of England, responsible for directing its financial stability research. He holds a D.Phil and M.Phil in Economics from the University of Oxford and a Bachelor of Economics (Honours) from the Australian National University. Professor Gai has published widely on financial and monetary stability issues; his publications include Private Sector Involvement and International Financial Crises: An Analytical Approach (with Michael Chui), also published by Oxford University Press.

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