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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.
JILL M. HENDRICKSON is Visiting Associate Professor at the University
of St. Thomas, USA. Previously, she held the Frank Wilson Endowed Chair of Political
Economy at the University of the South, USA. She has published her research on banking
regulation in The Journal of Economic History, and The Quarterly Review of Economics and
Finance, among other journals.
Table of Contents
Commercial Bank Instability Theories of Bank Regulation Antebellum Banking:
1781-1863
National Banking Era: 1864-1912
Era of Instability and Change: 1913-1944
Postwar Banking Era and Regulatory Response: 1945-1999
Banking and Crisis in the Twenty-First Century: 2000-2010
Lessons From the History of U.S. Banking and Regulation
320 pages, Hardcover