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Breakingviews: Five reasons financial disasters are hard to avoidU.S. dollar and euro banknotes are seen through broken glass in this illustration taken, June 25, 2021. REUTERS/Dado Ruvic/Illustration
If we understand the causes of financial crises and how to prevent them, why do they keep happening? That was the provocative question posed to a group of regulators, academics, and investors at the London School of Economics last week. The participants, who had gathered to mark the 10th anniversary of the university’s Systemic Risk Centre, reached a sober conclusion: old problems and new dangers
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