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Global systemically important banks (G-SIBs) are the largest, most complex and, in the event of their potential failure, most threatening banking institutions i
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In Taming the Megabanks, Arthur E. Wilmarth, Jr. argues that we must break up universal banks by enacting a new Glass-Steagall Act. Drawing from an analysis of
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Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic bank