CONFIRMING PAGES Preface The worldwide financial crisis of 2007–2009 was the most severe since that of the 1930s, and the recession it triggered was by far the most widespread and costly since the Great Depression. Ar

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• Systemic risk
• Financial crisis
• Federal Reserve System
• Global financial system
• Monetary policy
• Central bank
• Monetary economics
• Shadow banking system
• Finance
• Basel III
• Draft:John Chown
• Edward Kane