several forms of regulation including usury laws and the prohibition of small-denomination bank notes. Smith's support for … banking regulation appears to have been a response to the shocks that hit the Scottish banking system during the time that he … was composing the Wealth of Nations. The most important was the Crisis of 1772, which has been described as the first …

several forms of regulation including usury laws and the prohibition of small-denomination bank notes. Smith's support for … banking regulation appears to have been a response to the shocks that hit the Scottish banking system during the time that he … was composing the Wealth of Nations. The most important was the Crisis of 1772, which has been described as the first …

2007, and especially in the euro area after 2010. That crisis triggered major changes to European financial regulation and …