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Asian Quote by Paul Virilio

“We have already seen some instances of systemic risk in recent times in the Asian financial crisis. But what sparked off the Asian financial crisis? Automated trading programmes!” quote by Paul Virilio
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“We have already seen some instances of systemic risk in recent times in the Asian financial crisis. But what sparked off the Asian financial crisis? Automated trading programmes!”

Paul Virilio

About This Quote

Source Speech: Commentary on Asian Financial Crisis, 1998

The quote suggests that automated trading systems were a key trigger for the Asian financial crisis, highlighting technology's role in amplifying systemic risk.

In simple terms: Automated trading helped cause the Asian crisis.

Key Takeaway

Recognize tech's impact on market stability.

Themes

finance technology risk economics

Mood

analytical concerned

Type

critical informative

When to use this quote

  • financial analysis
  • policy making
  • investment strategy
  • regulatory review

Key Concepts

systemic risk algorithmic trading market volatility

Questions to Reflect On

  • How do automated systems amplify market shocks?
  • What safeguards can mitigate tech‑driven risk?
A Different Perspective

Automation can also improve efficiency and liquidity, not just risk.

2.9 out of 5 (3 ratings)

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