Law's Limits in Controlling Financial Chaos Revealed: Systemic Risk Unchecked
The article discusses how laws can help control financial chaos by balancing economic efficiency and system protection. Regulations aim to stabilize the financial system, but face challenges like information failures and human limitations. Standardization and monitoring efforts have flaws, and systemic risk triggers are not fully understood. While regulations can't prevent shocks, they can reduce their impact by stabilizing affected parts of the financial system.