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Since July 2007 the world economy has experienced a severe financial crisis originating in the U.S. housing market. The crisis has subsequently spread to the financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises...
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Since July 2007 the world economy has experienced a severe financial crisis originating in the U.S. housing market. The crisis has subsequently spread to the financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises...
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How does macroprudential regulation affect financial stability in the presence of non-bank financial intermediaries? We …-prudential regulation, generally, decreases systemic risk among traditional banks, it has the opposite effect on systemic risk in the non …
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