Abstract
The questions of how fragile the banking and financial system is and, if it is fragile, what are the consequences for the stability of the system (‘systemic risk’) and how should public policy cope with it in order to protect the economy, are among the most important economic issues of the day. The rash of bank failures and large and well publicized losses in the securities and newly developed derivatives markets in the 1980s and 1990s in many countries throughout the world have refocused attention on these questions for the first time since the widescale bank failures during the Great Depression of the 1930s.
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© 1995 Springer Science+Business Media New York
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Benink, H.A. (1995). Introduction. In: Benink, H.A. (eds) Coping with Financial Fragility and Systemic Risk. Financial and Monetary Policy Studies, vol 30. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-2373-1_1
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DOI: https://doi.org/10.1007/978-1-4757-2373-1_1
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-5155-7
Online ISBN: 978-1-4757-2373-1
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