Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 13 November 2019

Abstract and Keywords

In the long history of systemic banking crises—including, but not limited to, the Global Financial Crisis—the worst cases have been caused or at least severely exacerbated by what may be called bad banking and bad policies: those that permitted or encouraged excessive risk-taking and even “looting” of other people’s money. With each crisis there is an inevitable chorus of calls for more official prudential regulation and supervision to prevent a recurrence. Empirical evidence suggests that policy is best directed toward ensuring a dynamic approach to regulation focusing on the information that is being disclosed to market participants, the degree of market discipline on the behavior of bankers, and the incentives in the financial system, including those for regulators.

Keywords: banking crisis, bank failure, crisis management, Global Financial Crisis, history of banking, prudential regulation

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.