Regulation and Instability in U.S. Commercial Banking [electronic resource] : A History of Crises /
Hendrickson, Jill M.author.
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.
Description based upon print version of record.
Includes bibliographical references and index.
Machine generated contents note: -- Commercial Bank Instability -- Theories of Bank Regulation -- Antebellum Banking: 1781-1863 -- National Banking Era: 1864-1912 -- Era of Instability and Change: 1913-1944 -- Postwar Banking Era and Regulatory Response: 1945-1999 -- Banking and Crisis in the Twenty-First Century: 2000-2010 -- Lessons From the History of U.S. Banking and Regulation.
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.
Political economy.
Banks and banking.
Political science.
Macroeconomics.
Finance.
Economic history.
International Political Economy.
Banking.
Political Science.
Macroeconomics/Monetary Economics//Financial Economics.
Finance, general.
Economic History.