Book

From Wall Street to Bay Street : the origins and evolution of American and Canadian finance

Kobrak, Christopher, author, Martin, Joe, 1937- author

Overview

\"The 2008 financial crisis rippled across the globe and triggered a worldwide recession. Unlike the American banking system which experienced massive losses, takeovers, and taxpayer funded bailouts, Canada's banking system withstood the crisis relatively well and maintained its liquidity and profitability. The divergence in the two banking systems can be traced to their distinct institutional and political histories. From Wall Street to Bay Street is the first book for a lay audience to tackle the similarities and differences between the financial systems of Canada and the United States. Christopher Kobrak and Joe Martin reveal the different paths each system has taken since the early nineteenth-century, despite the fact that they both originate from the British system. The authors trace the roots of each country's financial systems back to Alexander Hamilton and insightfully argue that while Canada has preserved a Hamiltonian financial tradition, the United States has favoured the populist Jacksonian tradition since the 1830s. The sporadic and inconsistent fashion in which the American system have changed over time is at odds with the evolutionary path taken by the Canadian system. From Wall Street to Bay Street offers a timely and accessible comparison of financial systems that reflects the political and cultural milieus of two of the world's top ten economies\"--Provided by publisher.

• Publisher: University of Toronto Press
• Subject: Finance Canada History. / Finance United States History. / Banks and banking United States History. / Banks and banking Canada History. / Monetary policy United States History. / Monetary policy Canada History.
• ISBN: 9781442648210, 144264821X, 1442616253, 9781442616257

Item info:

1 item available

1 item total in all locations

Holdings :

Call Number	Copies	Material	Location
HG185.C2 K63 2018	1	BOOK	BUSINESS