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

Borradores de Economia
Number: 
644
Published: 
Classification JEL: 
E58, E44, C63, G21, D85
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
Download document

The most recent

Impact of demographic change on CO₂ emissions: the role of consumption
Jhorland Ayala-García, Jaime Alfredo Bonet-Moron, Eduardo A. Haddad, Inácio F. Araújo
Remittances, growth and regional economic convergence: evidence from Colombian departments
Clark Granger, Jhorland Ayala-García, Fabio Montenegro Aparicio
Adaptation to Broken Mitigation: Social and Economic Impacts of Solar Mini-Grid Electrification in Colombian Island
Hans-Erik Edsand, Andrés Aleán-Romero, Jhorland Ayala-García, Tania Jiménez Castilla, Sandra C. Valencia

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