About this document
Data Processing and Analysis Overview by fastman01 is a document available to read on EtoBox.
Systemic risk refers to the risk of collapse of an entire financial system if one entity fails. The failure of one company, like AIG, could trigger failures of other companies through interconnectedness and loss of confidence in the financial system. If AIG had failed during the 2008 financial crisis, it would have had devastating impacts on the US and global economy due to AIG
- Author
- fastman01
- Language
- EN