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"Too big to fail financial institutions are both beneficial and harmful to the global economy." Please...

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Finance

"Too big to fail financial institutions are both beneficial andharmful to the global economy." Please explain how is the abovestatement true and why? Provide some detailed examples as part ofyour argumentation. (200 - 500 words should be enough to provide acomplete answer)

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Big financial institutions are beneficial to the global economy as they are able to provide financial intermediation at a large scale and hence can lower the overall cost of funds and thus can provide an impetus for    See Answer
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"Too big to fail financial institutions are both beneficial andharmful to the global economy." Please explain how is the abovestatement true and why? Provide some detailed examples as part ofyour argumentation. (200 - 500 words should be enough to provide acomplete answer)

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