Regulation and instability in U.S. commercial banking: a history of crises

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. JILL M. HENDRICKSON Visiting Associate Professor at the University of St. Thomas, USA. Previously, she held the Frank Wilson Endowed Chair of Political Economy at the University of the South, USA. She has published her research onbanking regulation in 'The Journal of Economic History', and 'The Quarterly Review of Economics and Finance', among other journals. INDICE: Commercial Bank Instability - Theories of Bank Regulation - Antebellum Banking: 1781-1863 - National Banking Era: 1864-1912 - Era of Instabilityand 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

• ISBN: 978-0-230-28066-3
• Editorial: Palgrave MacM
• Encuadernacion: Cartoné
• Páginas: 312
• Fecha Publicación: 08/12/2010
• Nº Volúmenes: 1
• Idioma: Desconocido