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Too-connected-to-fail Institutions and Payments System?s Stability: Assessing Challenges for Financial Authorities

Carlos Eduardo
León-Rincón
Clara Lía
Machado-Franco
Freddy Hernán
Cepeda-López
Miguel
Sarmiento-Paipilla
Martes, 1 Marzo 2011

The most recent episode of market turmoil exposed the limitations resulting from the traditional focus on too-big-to-fail institutions within an increasingly systemic-crisis-prone financial system, and encouraged the appearance of the too-connected-to-fai