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The Risks of Financial Institutions

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NBER2005-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11442
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Over the last twenty years, the consensus view of systemic risk in the financial system that emerged in response to the banking crises of the 1930s and before has lost much of its relevance. This view held that the main systemic problem is runs on solvent banks leading to bank panics. But financial
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2005-06-01
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