Knutsen, Sverre; Sjögren, Hans - Volkswirtschaftliche Fakultät, … - 2009
There are mainly two types of theories explaining banking crisis, emanating from the monetarist school respectively … institutional clash. Not every recession has caused a banking crisis. But all banking crises have been preceded by an institutional … clash. Consequently, an institutional clash is a prerequisite but not sufficient to cause a banking crisis: there must be a …