This book discusses banking, insurance, and securities regulation, as well as issues in consumer finance and electronic …

This book discusses banking, insurance, and securities regulation, as well as issues in consumer finance and electronic …

Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic … banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone … but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking …

Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic … banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone … but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking …

This paper is aimed to address when and why do banking crises occur, and whether financial reforms in reaction to … crises are generally beneficial. It is argued that banking crises properly defined consist either of panics or of waves of … costly bank failures, and they do not necessarily coincide. Risk-inviting microeconomic rules of the banking game that are …