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- W1521669418 abstract "The subprime mortgage crisis is undermining financial market stability and has the potential to cause a true systemic breakdown. This short and accessible essay, which is based on the author's 2008 Roy R. Ray Lecture at SMU Law School, uses this crisis to demonstrate that existing protections against systemic risk, which focus on banks and largely ignore financial markets, are misguided. Because companies increasingly access financial markets without going through banks, an effective framework for containing systemic risk must focus on markets." @default.
- W1521669418 created "2016-06-24" @default.
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- W1521669418 date "2008-03-06" @default.
- W1521669418 modified "2023-09-26" @default.
- W1521669418 title "Markets, Systemic Risk, and the Subprime Mortgage Crisis" @default.
- W1521669418 hasPublicationYear "2008" @default.
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