The failure of Ohio Life brought attention to the financial state of the railroad industry and land markets and brought the financial panic to the forefront of public issues.
The failure of Ohio Life brought attention to the financial state of the railroad industry and land markets, thereby causing the financial panic to become a more public issue.
Although such an argument is valid in a comparative sense, the global financial crisis shows that we cannot safely say that the failure of insurance companies would not cause systemic risk.
Though President Donald Trump's appointees and Congress are beginning to dial back the regulations, the failure of a systemically-important institution now looks pretty remote.
Failure of ICANN includes the risk of a freezing of the unallocated number pool, which in turn places a significant risk in the continued operation of the registries and the application of their policies.
A long, agonizing Greek economic meltdown, whether inside or outside the euro zone, with social unrest and political havoc, might reinforce those who argue that the UK economy is“shackled to a corpse”.
For instance, using comprehensive data on banks during the U.S. Great Depression, Calomiris and Mason(2000) showed that bank failures between 1929 and 1932 occurred due to factors inherent to individual banks or regions where they were located; no contagion or liquidity crisis occurred.
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