In another sense, financial stability refers to absence of a major misalignment of asset prices that can threaten future disruption of markets and the real economy. Both meanings are of course connected as they point to the same notion of smooth function of financial institutions and markets. Consequently, I also deal with Question 14 in this point.
Lots of measurement and benchmarking issues come up, particularly, in the modern complex world of business and commerce that await proper quantifications and standardization with precision and rigor. Many would have read how floating of risky financial products, not tractable by the established norms of controllable behavioral norms, jeopardized functioning of markets and the global economy.