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  • THE RISKS OF FINANCIAL INSTITUTIONS
    ebook
    THE RISKS OF FINANCIAL INSTITUTIONS
    MARK CAREY
    Until about twenty years ago, the consensus view on the cause of financial-system distress was fairly simple: a run on one bank could easily turn to a panic involving runs on all banks, destroying some and disrupting the financial system.  Since then, however, a series of events—such as emerging-market debt crises, bond-market meltdowns, and the Long-Term Capital Management epi...

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