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参考文献

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[1]尽管金融服务局全权负责监管私人金融机构这一点非常清楚,但系统性金融发展职能的划分却十分明确。英国的《金融服务和市场法》同时赋予金融服务局“保持英国金融市场信心”的职能。

[2]Martin Summer和Alfred Lehars正在合作研究,将Merton模型扩展到一组银行。

[3]当然,当某个银行受到冲击时,它会想从其他银行借款,但前提是这些银行必须是异质的。

[4]见Catarineu-Rabell,Jackson和Tsomocos(2003年)以及Tsomocos(2003年a和2003年b)。

[5]如果不存在交易成本、时间压力和政治限制,危机的分担可以通过各方的科斯式谈判解决。但是,科斯的主要观点就是这种理想化的世界实际并不存在。

[6]或许有人会担心,通过评论各国的财政负担分担机制,欧洲中央银行会涉足政治领域。这种观点强调了除非财政职能集中化,才有可能实现欧盟监管功能的集中化。