Canadian Banking Stability
Canada stands out for its remarkable banking stability, having never experienced a banking crisis, even during significant events like the Great Depression. Despite a smaller population, Canada maintained a competitive banking system with abundant and stable credit. The absence of a central bank until 1935 and late introduction of deposit insurance highlight the unique regulatory framework that contributed to this resilience.In this clip
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Charles Calomiris and Stephen Haber on Fragile by Design
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