![](/sites/default/files/styles/large/public/people/LSE_aug2014_6W5A0494.jpg?itok=DN_3LeB1)
Ali Habibnia
PhD Students
PhD student in Department of Statistics, Systemic Risk Centre, LSE
Website: http://personal.lse.ac.uk/habibnia/
PhD student in Department of Statistics, Systemic Risk Centre, LSE
Website: http://personal.lse.ac.uk/habibnia/
Financial instability and its destructive effects on the economy can lead to financial crises due to its contagion or spillover effects to other parts...