. B.C.& Stiglitz, J. E Laisons dangereuses: increasing connectinty. risk sharing and systemic risk (http:// www.nbecorg/papers/w15611) (2009). 36. Stiglitz J. Contagion, liberalization.ancl the optimal structure of globalization.). Global. Develop. (in the press). 37. Haldane. A G. Banking on the state.(http://www.