Certainly, the researchof this thesisis onlyapreliminaryattempt. There must be somedeficiencies. And its results must be examinedinpractice, andneed to go deeper in furtherstudies.
Certainly Kennedy and Levin cannot be saying that we must not decide whether to go to war until we have heard the considered opinion of countries that none of their colleagues can find on a map.
That is nothing new, but there will be some very sizable, systemically important banking institutions that will certainly be protected by all governments in all circumstances, and with that mustgo a certain extra attention to the supervision of those institutions.