New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences | Complex Insight  - Understanding our world |

Complex systems such as ecologies and economies have structural, architectural and behavioral characteristics in common. The stability of the financial system and the potential for systemic events to alter its function have long been critical issues for central bankers and researchers. this publichation by the US Academy of Sciences highlights how complex systems science helps us understand systemic risk.