"Too Many to Fail" suggests that small and medium sized banks can cause a banking crisis if a large number of them fail simultaneously. We disagree and show that the fundamental cause of systemic banking crises is "Too Big to Fail" banks.
Bibliographical notePublisher Copyright:
© 2013 by Walter de Gruyter Berlin Boston.
Copyright 2015 Elsevier B.V., All rights reserved.
- Banking crisis
- too many to fail