Masters of the universe, slaves of the market
Stephen Bell & Andrew Hindmoor
- Cambridge, Massachusetts : Harvard University Press, c2015.
- x, 390 p. : ill. ; 25 cm.
Includes bibliographical references (pages 343-381) and index.
Stephen Bell and Andrew Hindmoor compare banking systems in the U.S. and UK to those of Canada and Australia and explain why the system imploded in the former but not the latter. Canadian and Australian banks were able to make profits through traditional lending practices, unlike their competition-driven, risk-taking U.S. and UK counterparts.
9780674743885
2014028185
Banks and banking Financial crises Global Financial Crisis--2008-2009 International finance