Boyd, John, and David Runkle. 1993. “Size and Performance of Banking Firms: Testing the Predictions of Theory,” Journal of Monetary Economics 31: 47–67. Čihák, Martin. 2007. “Systemic Loss: A Measure ...

it’s worth a refresher before we discuss the theory of financial relativity. There’s a famous example of his theory using a train. Imagine that you are playing ping pong on a train and the ...