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Discuss the stability/instability of the financial system. Include: Four common elements in modern U.S. banking crises (class notes). Shadow banking system and too big to

  1. Discuss the stability/instability of the financial system. Include:
    1. Four common elements in modern U.S. banking crises (class notes).
    2. Shadow banking system and too big to fail doctrine.
    3. Historic frequency of financial crises.
    4. Your opinion on how to best management the financial system.
    5. Negative externalities associated with the financial system.

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