The financial crisis showed that some financial institutions are critical
for the functioning of the financial system, and their failure would destabilize the
The pendulum keeps swinging and will continue to do so Visco, L (2013).
bursting of the housing bubble in the 2008 financial crisis both
highlighted the immense lack of accountability, supervision and regulation in
current fiscal policy. A key-contrib
The economy of payment card markets
The significance of payment cards as mean of non-cash payment has grown
rapidly over the last decade from merely 35.3% in 2001, into representing
55.8% of total market value in 2010 (Worlds payments report, 2012). With
Using empirical examples to illustrate your arguments, examine the causes
and consequences of banking crises.
Bryant (1980), Banks are inherently instable due the concept massive illiquid
assets and liabilities that can be credited