Research output

Article in Journal ()

Why the banking system should be regulated

Citation
Dow S (1996) Why the banking system should be regulated, Economic Journal, 106 (436), pp. 698-707.

Abstract
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.

StatusPublished
AuthorsDow Sheila
Publication date05/1996
PublisherWiley on behalf of the Royal Economic Society
ISSN 0013-0133
LanguageEnglish

Journal
Economic Journal: Volume 106, Issue 436 (MAY 1996)

© University of Stirling FK9 4LA Scotland UK • Telephone +44 1786 473171 • Scottish Charity No SC011159
My Portal