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less prone to crises, Reducing the subsidies and distortions in the financial system. This could involve removing implicit guarantees, aligning incentives, or correcting market failures.

less prone to crises, Reducing the subsidies and distortions in the financial system. This could involve removing implicit guarantees, aligning incentives, or correcting market failures. Examples include the reform of the discount houses in 1858, the abolition of deposit insurance in 1866, and the Dodd-Frank Act of 2010

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