Why Didn't Canada Have a Banking Crisis in 2008 (or in 1930, or 1907, or …)?

@article{Bordo2011WhyDC,
  title={Why Didn't Canada Have a Banking Crisis in 2008 (or in 1930, or 1907, or …)?},
  author={Michael David Bordo and H. J. Rockoff and Angela Redish},
  journal={Wiley-Blackwell: Economic History Review},
  year={2011}
}
The financial crisis of 2008 engulfed the banking system of the United States and many large European countries. Canada was a notable exception. In this paper we argue that the structure of financial systems is path dependent. The relative stability of the Canadian banks in the recent crisis compared to the United States in our view reflected the original institutional foundations laid in place in the early 19th century in the two countries. The Canadian concentrated banking system that had… 
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  • R. Sylla
  • Political Science
    Enterprise & Society
  • 2006
A meeting of the Business History Conference in Toronto with “The Political Economy of Enterprise” as its theme provides an opportunity to consider some historical similarities and differences
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