BANKOVNICTVÍ DIVOKÝCH KOČEK, MINULOST ČI PŘÍTOMNOST?

• Authors: Šíma Jozef , Václav Rybáček

Title variants

EN

Wildcat banking, history or the present?

• Languages of publication: CS

Abstracts

EN

Despite the general conviction, which was during the Great Depression of the 1930s, the relation between the State and the economy was fundamentally transformed. Key steps towards the shift within this relation can already be traced many decades earlier. “Wildcat banking” from the period of the 1830s to the 1860s is an example of a specific form of regulation imposed on the banking industry. In their work the authors are attempting to refute the myth that wildcat banking is an example of unsuccessful operation of so-called free banking. It is failure of the regulation which is identified as the reason for instability of this form of banking operation. As far as effects of regulatory measures are concerned in general, this historical period (or experience) can offer valuable parallels with the cause of the current global economic crisis at the beginning of the third millennium. These similarities are discussed in the last chapter of their work.

Keywords

EN

WILDCAT BANKING; REGULATION; GLOBAL CRISIS; HISTORY; BANKING INDUSTRY; ECONOMY

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2010
• Volume: 58
• Issue: 9
• Pages: 958 – 966

Contributors

author

Šíma Jozef

• Vysoká škola CEVRO Institut, Jungmannova 17, 110 00 Praha 1, Czech Republic

author

Václav Rybáček