Too many banks to fail? theory and evidence

John Boyd, Mufaddal Baxamusa

Research output: Contribution to journalArticlepeer-review

1 Scopus citations


"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.

Original languageEnglish (US)
Pages (from-to)7-13
Number of pages7
JournalEconomists' Voice
Issue number1
StatePublished - Dec 1 2013

Bibliographical note

Publisher Copyright:
© 2013 by Walter de Gruyter Berlin Boston.


  • Banking crisis
  • too many to fail


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