See Sveriges Riksbank, The Riksbank and Financial Stability 2010, December. 2  See Knight, F. H. (1921). Risk, Uncertainty, and Profit. Boston, MA: Hart, Schaffner & Marx; Houghton Mifflin Co.  3  See Brunnermeier, M., L.P. Hansen, A. Kashyap, A. Krishnamurthy and A. W. Lo. (2010). “Modeling and Measuring Systemic Risk”, October 15.
2  BIS central bankers’ speeches  system, like maturity mismatches and excessive leverage, might become evident once such rumors begin to affect the financial intermediaries. The design of policy measures to strengthen the financial system against systemic risk requires identifying the root causes of the excessive risk taking that typically precedes financial disruptions.