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Regulation and Instability in U.S. Commercial Banking
A History Of Crises
- Editore:
Palgrave Macmillan UK
- EAN:
9781349327812
- ISBN:
1349327816
- Pagine:
- 316
- Formato:
- Paperback
- Lingua:
- Inglese
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Descrizione Regulation and Instability in U.S. Commercial Banking
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.
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