Insurance against systemic crises
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The crisis is a brutal reminder of the fragility of banks. This column suggests that managers of large banks be obliged to act as insurers against systemic crises. This would create incentives for them to be concerned about the stability of the banking system as a whole.
Journal / seriesVOX CEPR's Policy Portal
PublisherCentre for Economic Policy Research
Organisational unit03729 - Gersbach, Hans / Gersbach, Hans
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