Peter Conti-Brown and Sean Vanatta on the History of Bank Supervision in America
Macro Musings with David Beckworth
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The Evolution of Bank Supervision in America
This chapter explores the historical development of bank supervision in America, tracing its evolution from the early republic through the Civil War and beyond. It highlights the various banking practices, regulatory challenges, and the implications of the national banking system, while contrasting American banking with its Canadian counterpart during financial crises. The narrative also discusses the creation of the Federal Reserve, the complexities of multiple regulators, and the ongoing challenges of effective oversight in the banking sector.
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