A technical term that entered the financial language after 2005 meaning – the failure of a bank can affect a country as a whole and drag it into a downward economic spiral or – the payment problems of a country can drive banks into bankruptcy if they hold large holdings of government bonds of the country in question in their portfolios. – See Icelandic bank trap, risk, systemic, Sifi oligopoly, too big to save principle.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/