For the last twenty years the Research in Finance book series has been publishing papers that cover issues of significance and interest in finance and economics. The topics found in the series span a wide range and have made substantial contributions to the literature with articles from key figures in the world of finance. Volume 26, Coping with Systemic Risk, is no exception and provides a valuable addition to the current research of finance in this area. The lead chapter sets the theme by giving insight into economic systems as packages containing multiple real options where the rational exercise of these options then shapes the