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The current crisis in the financial system has resulted in many calls for approaches to the handling of financial service firms in crisis. Crises in the financial system are not a new phenomenon - some 93 countries have experienced crises in their financial systems since the 1970s - but even so, the measures taken to strengthen the financial systems have been insufficient to prevent recurring crises. Several of the countries that have had a financial crisis have suffered substantial negative economic effects and unrest in the financial markets.
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