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Financial Stability
Define financial stability per Mishkin.
Financial system ensuring lasting efficient allocation of savings to investments without major disruptions.
What triggered the active phase of the 2008 crisis?
BNP Paribas suspension of hedge fund withdrawals on 9 August 2007 citing liquidity evaporation.
Which act's repeal removed the wall between investment and depository banking?
Glass-Steagall Act repeal in 1999 allowed universal banks to take opaque trading risk.
Name the US post-2008 financial stability framework.
Dodd-Frank Act (2010) created FSOC, OFR, and BCFR for systemic risk monitoring.
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