"..Between 1980 and 2000 130 out of the 180 members of the IMF experienced serious financial problems. The average cost of a banking crisis attained 12% of GDP and could reach up to 40%

(e.g. Argentina; Indonesia). Whether we like it or not, we need to start from the assumption that the financial system is inherently fragile; much more so than the non-financial part of business. This is why

the financial system is much more regulated

than the non-financial system. And still regulation

failed massively."

to read the 13-page pdf article, click on

http://www.ethik-und-gesellschaft.de/mm/EuG-2-2009_Liedekerke-Dubbink.pdf