Too Important to Fail–Another Look

The latest issue of the IMF’s Global Financial Stability report (GSFR, March 2014) provides a comprehensive analysis of the “too important to fail” (TITF) problem.   http://www.imf.org/External/Pubs/FT/GFSR/2014/01/index.htm  The TITF problem is a well-known one in banking literature, and it arises from the fact that in an interconnected financial world, the failure of a major financial…...

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