Too Big to Fail and Too Big to Save: Dilemmas for Banking Reform

@article{Barth2016TooBT,
  title={Too Big to Fail and Too Big to Save: Dilemmas for Banking Reform},
  author={James R. Barth and Clas Wihlborg},
  journal={National Institute Economic Review},
  year={2016},
  volume={235},
  pages={R27 - R39}
}
‘Too big to fail’ traditionally refers to a bank that is perceived to generate unacceptable risk to the banking system and indirectly to the economy as a whole if it were to default and be unable to fulfill its obligations. Such a bank generally has substantial liabilities to other banks through the payment system and other financial links, which can be sources of ‘contagion’ if a bank fails. The main objectives in this paper are to identify the different dimensions of too big to fail and… 
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References

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