Bailout Anticipation Fuels Risky Bank Herding, Amplifying Financial Crises
The anticipation of bailouts makes banks invest similarly, leading to more bailouts and severe crises. Focusing only on bank size to prevent crises is not effective.
Size Matters: Non-traditional Banking Activities Increase Banks' Systemic Importance
Large firms not banks still too big to fail, government bailouts inefficient
Canadian banks' ambiguity strategy solves 'too big to fail' crisis.