Banking System Stability/Fragility: The Roles of Governance and Supervision in Canada and America
Banking System Stability/Fragility: The Roles of Governance and Supervision in Canada and AmericaBy Robert E. Wright, Nef Family Chair of Political Economy, Augustana University
After surviving the Great Depression, the Great Recession, and the 75 years in between with barely a discernible scratch, the Canadian banking system has developed a reputation for stability. The resilience of Canadian banks after the Panic of 2008 seemed particularly impressive given the close connection between the Canadian economy and that of the United States, the epicenter of the financial fiasco.
Notes
After surviving the Great Depression, the Great Recession, and the 75 years in between with barely a discernible scratch, the Canadian banking system has developed a reputation for stability. The resilience of Canadian banks after the Panic of 2008 seemed particularly impressive given the close connection between the Canadian economy and that of the United States, the epicenter of the financial fiasco.
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