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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.
Published by: Palgrave Macmillan
Publication Date: 2010-12-08
Format: Hardcover
ISBN-13: 9780230280663
DOI: 10.1057/9780230295131
Dimensions: 229cm x152cm
Pages: 296