In compound terms from the financial world, this word is always used as an adjective or adverb to refer to the financial system, i.e., to the totality of institutional conditions that serve the coincidence of supply and demand for capital and all related services. – Given the global interconnectedness of banks that is widely prevalent today, the term “systemic” is almost always used to refer to the world as a whole, i.e., not just to a single country or currency area such as the euro area.
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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/