In today's world, the goal of financial stability means:

Question

Quizplus · Accepted Answer

Financial stability means preventing large-scale financial catastrophes such as the 2008 financial crisis, where the failure of a few large institutions had a ripple effect on the entire financial system. It does not necessarily mean that no institution should ever fail or that competition should be eliminated. Creating one mega regulatory agency may help achieve financial stability, but it is not the only solution.

In Today's World, the Goal of Financial Stability Means