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One of the most pressing questions in the aftermath of the financial crisis is how to deal with systemically important financial institutions (SIFIs). The purpose of this paper is to review the recent literature on systemic risk and evaluate the regulation proposals in the Basel III framework...
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growing size of the shadow banking system and its associated impact on the real economy and (3) risk stemming from the … interconnection and interdependency of banks and shadow banks. The shadow banking system should be considered to be a part of a … banking system that evolved out of the traditional banking system, and which combines traditional and innovative banking. The …
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