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Titlebook: Coping with Financial Fragility and Systemic Risk; Harald A. Benink (Assistant Professor of Finance, Book 1995 Springer Science+Business

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Kant on Reason and Justified Belief in GodPayment system risks were the “major minor” banking policy issue of the 1980s. They were minor issues in that they were of interest mainly to the Federal Reserve System and to bank operations officers; they were major issues in that they supposedly involved significant risks and that they were a source of constant regulatory pressure on banks.
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Kant on Reason and Justified Belief in GodTo quote from the latest BIS Annual Report,. which devotes a whole chapter to the subject:
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CommentThe following comments are directed at two articles: “Is The Banking and Payments System Fragile?” by George J. Benston and George G. Kaufman (hereafter B-K), and “Systemic Risk in OTC Derivatives Markets: Much Ado About Not Too Much” by Franklin R. Edwards. The discussion of B-K is more extensive and comes first.
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978-1-4419-5155-7Springer Science+Business Media New York 1995
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