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The crisis demonstrated that microprudential regulation focusing on the risks taken by individual banks is not sufficient to prevent crises. This is because it ignores systemic risk. Six types of systemic risk are identified, namely: (i) panics – banking crises due to multiple equilibria; (ii)...
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central bank digital currencies (CBDCs). There are important implications from the rise of fintech and the introduction of …
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out bank runs and TBTF (too big to fail) and to do so without introducing incentives for financial firms to take excessive …
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central bank digital currencies (CBDCs). There are important implications from the rise of fintech and the introduction of …
Persistent link: https://www.econbiz.de/10013307153
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