When the state is perceived by the mass of its citizens as unable to respond adequately to the need for structural or institutional changes in how the financial system works, there is a heightened risk of:

Question

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A legitimation crisis occurs when a significant portion of the population loses faith in the government's ability to manage and enact necessary structural or institutional reforms, particularly in the financial system. This loss of confidence can undermine the government's legitimacy in the eyes of its citizens.

When the State Is Perceived by the Mass of Its