Banks, states, and financial crises
Friday, February 06, 2009
But the definition of "small" keeps changing: a few months ago, small meant Iceland, then it meant Ireland, and now it means the United Kingdom. The aftermath of the banking crisis requires thinking about not only the most appropriate form of banking legislation, but also the appropriate size of the state.
There has always been uncertainty about the best design of a banking system, and there has always been competition between different sorts of banking regulation. On the one hand, there is the idea - which defined banking for much of American history - that banks should be close to the risks that they must judge. This ideal grew out of Andrew Jackson's titanic struggle with Nicholas Biddle and the Second Bank of the United States.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...