ADMS 1010 Study Guide - Free Banking, Francis Hincks, Silver Bank

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Barry O' Brien

Document Summary

Case 1: origins of financial stability in canada: the. The stability of financial institutions is something which the business community and general public has taken for granted. After the second world war, economic reconstruction was marked by the creation of the. The domestic regulation of banking systems in most countries was gradually being modified. It was extended to cover the growing complexity of the economy, with the emergence of consumer credit and home ownership. The enormous growth in global trade and investment also required the expansion of government oversight and international cooperation on financial governance. The global financial system has come close to collapse in the last two years. Many steps have been required by governments to rescue their banks from default. There is a growing realization that financial innovation has outrun effective regulation. The canadian banking system has been perceived as surviving the huge stress better than any other systems in the world.