The Enigma of Banking and its Recurring Crises

Richard Werner ()

Chapter 11 in New Paradigm in Macroeconomics, 2005, pp 149-154 from Palgrave Macmillan

Abstract: Abstract During the 1990s, many economists have argued that Japan possesses too many banks. The financial press has referred to both Japan and Germany as seriously ‘over-banked’ economies, with the helpful advice that banks should be merged, sold to foreign investors or closed down. However, in order to come to this conclusion, it is necessary to understand the actual role of banks in economies. While the layperson may assume that economists have long solved this issue, in fact the very existence of banks has remained an enigma according to the mainstream theories.

Keywords: Capital Market; Banking Sector; Financial Distress; Financial Intermediary; Asian Financial Crisis (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50607-7_12

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230506077

DOI: 10.1057/9780230506077_12

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().