Economics at your fingertips  

The formalization of banking supervision: A comparison between Japan and Sweden

Eiji Hotori and Mikael Wendschlag

No 18-03, eabh Papers from The European Association for Banking and Financial History (EABH)

Abstract: This study examines the formalization of banking supervision in Japan and Sweden that occurred in the decades around 1900. Using an incremental change approach, the respective cases are traced and examined from three dimensions: 1) the legal framework, 2) the banking supervisory agency, and 3) bank supervisory activities. As a result of the comparative analysis, we find several similarities and differences. The most important finding is that the two cases are similar, in that financial crises - generally considered to be a primary driver for major regulatory and supervisory reforms - did not play the main role in the formalization of supervision in either Japan or Sweden. Rather, the formalization was an incremental adjustment to the organic development of the banking sector, the general public's increasing exposure to the banks as deposit holders and borrowers, and the increased need for professionalization of the banking sector.

Keywords: banking supervision; formalization; incremental change approach (search for similar items in EconPapers)
JEL-codes: G18 G21 N20 N23 N25 N40 N43 N45 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link) (application/pdf)

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:

Access Statistics for this paper

More papers in eabh Papers from The European Association for Banking and Financial History (EABH) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().

Page updated 2018-11-24
Handle: RePEc:zbw:eabhps:1803