Abstract
"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 language | English (US) |
|---|---|
| Pages (from-to) | 7-13 |
| Number of pages | 7 |
| Journal | Economists' Voice |
| Volume | 10 |
| Issue number | 1 |
| DOIs | |
| State | Published - Dec 1 2013 |
Bibliographical note
Publisher Copyright:© 2013 by Walter de Gruyter Berlin Boston.
Keywords
- Banking crisis
- too many to fail