Cover of Jill M. Hendrickson: Regulation and Instability in U.S. Commercial Banking

Jill M. Hendrickson Regulation and Instability in U.S. Commercial Banking

A History of Crises

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Palgrave Macmillan UK

2010

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978-0-230-29513-1

0-230-29513-4

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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.

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