Regulation and instability in u.s. commercial banking: a history of crises
Auteur :
Hendrickson, Jill M.
Éditeur :
Palgrave Macmillan
ISBN :
9781349327812
Date de publication :
1 janv. 2011
Dimensions :
22,9 x 15,2 cm
Langue :
Anglais
Pays d'origine :
Grande Bretagne
The historical response to bank crises has always been more regulation. A pattern emerges that some may find surprising: regulation often contributes to bank instability. It suppresses competition and effective response to market changes and encourages bankers to take on additional risk. This book offers a valuable history lesson for policy makers.