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A Political Economy of Banking Supervision: Missing a Chance
Hardcover
Business GeneralEconomicsGeneral Political Science
ISBN13: 9783030485467
Publisher: Springer Nature
Published: Jun 19 2020
Pages: 181
Weight: 1.00
Height: 0.50 Width: 6.14 Depth: 9.21
Language: English
Banking is like a cardiovascular system for our society. If it functions correctly, it allows the economy to operate smoothly. On the other hand, if it malfunctions it becomes a doomsday device. This creates an asymmetry of risks - the asymmetry between the potential dire consequences and the modest rewards of accepting those risks.
The book explains why, how and what. Why is it important to keep tight supervision of the banks? How can banking supervision improve stability, not only of the financial system but also of the whole human society? What went wrong with the regulation in the past?
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