Regulation and Instability in U.S. Commercial Banking A History of Crises
, by Hendrickson, Jill M.- ISBN: 9780230280663 | 0230280668
- Cover: Hardcover
- Copyright: 1/15/2011
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.