The financial crisis of 2008 has revealed that the banking sector is insecure in terms of financial market collapse. Many key financial institutions went bankrupt; others were financially supported by authorities. Some of notorious cases of bankruptcy have revealed severe violations of financial security measures from key market players. This encouraged the world governments to strengthen the measures of monetary and fiscal control. In the article “How money is made” Karl-Theodor zu Guttenberg and Richard Werner stress that the imperfection of the banking system has eventually lead to the crisis and its role in the economy has to be Continue reading...