Econ2035: Economics of Financial Institutions
Review Essay
Instructions:
Write a 1500-word summary of this first Chapter of Calomaris and Haber (2014), ‘If Stable and Efficient Banks Are Such a Good Idea, Why Are They So Rare’, in the book Fragile by Design: The Political Economy of Banking Crises and Scarce Credit. What are the major points the authors are trying to make?
In addition, you will notice that Calomaris and Haber give some attention to Canada. Very briefly (no more than 250 words), how might the description in these pages of Canada’s situation be similarly applied to the structure of Australian banking and its regulation?
Submission:
The assignment must be submitted online via the unit’s web page by 11pm on Saturday 26 September 2020.
Please do NOT include this document in your submitted assignment.
Plagiarism:
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Late submission:
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This penalty does not apply for penalty does not apply for cases in which an application for Special Consideration is made and approved. Note: applications for Special Consideration must be made within 5 (five) business days of the due date and time.
Other requirements:
- Any font with a font size of 12.
- Referencing of sources is required. Probably the best method of referencing for economics is the so-called ‘Harvard Style’ – see: https://libguides.mq.edu.au/referencing/Harvard
- Make sure your name and ID are on every page of the submitted document.