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The e-Quarterly Research Bulletin is a publication of the Economics and Research Department of the Asian Development Bank. A complete list of our publications, including working papers, can be found in www.adb.org/data/main (continued on next page) ADB’s Distinguished Speakers Program Measuring the Connectedness of the Financial System: Implications for Risk Management*1 Robert C. Merton 1997 Nobel Prize Winner

ADB's Distinguished Speakers Program Measuring the Connectedness of the Financial System: Implications for Risk Management