How to destabilise the financial system

a beginners' guide

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution


This paper describes the causes of the collapse of the Penn Square Bank in 1982, and the flow on effects to the US financial system - that is, it examines the systemic risk factors. The paper makes comparisons to the current US banking crisis, and in particular points out the similaritis between Penn Square and Indymac.
Original languageEnglish
Title of host publication2009 Biennial Convention of the Institute of Actuaries of Australia
Subtitle of host publicationGo for Gold
Place of PublicationSydney
PublisherInstitute of Actuaries of Australia
Number of pages59
Publication statusPublished - 2009
EventConvention of the Institute of Actuaries of Australia - Perth
Duration: 19 Apr 200922 Apr 2009


ConferenceConvention of the Institute of Actuaries of Australia


  • systemic risk
  • macroprudential regulation
  • banking failure

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