Why the Banking System Should be Regulated

Datos Bibliográficos

ID9708364
AutoresSheila C Dow (0000-0001-9969-197X, University of Stirling, autor de correspondencia)
Año1996
Volumen106
Número436
Páginas698
Fecha de publicación1996-05-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaThe Economic Journal (JOURNAL)
Identificadores de la revistaISSN: 0013-0133 • E-ISSN: 1468-0297
EditorialOxford University Press (OUP) (PUBLISHER)
DOI10.2307/2235578
OpenAlexW1967523680
IdiomaEN
Citas recibidas7
Referencias citadas9

First paragraph: It has long been taken for granted that the financial system should be regulated. That this should now be open to question is to be welcomed. It is important in general to question assumptions, but it is particularly important to do so in the case of a sector which has undergone such major change over the last few decades. It is necessary therefore to go back to first principles and examine the implications of these principles in the current environment. The outcome outlined here is a renewed case for regulation, but one which takes account of the changing nature and role of banks. Historical evidence aids our understanding of these changes, but historical evidence must be used with care; the advocates of free banking misinterpret and misuse this evidence to support their position

Business · Economic history · Economics · Law and economics · Banking stability, regulation, efficiency · Economic theories and models · Economic Theory and Policy