Bank Behaviour and Resilience: The Effect of Structures, Institutions and Agents

Bank behaviour shapes the fate of national financial systems and national welfare. The global financial crisis (GFC) has reminded us that the nature of bank behaviour is crucial for systemic stability, national output, employment, economic growth and development in any economy. Specifically, financial system resilience and fragility are outcomes which are often the result of bank behaviour. This book offers a typological theory that distinguishes the conditions under which conservative and opportunistic types of bank behaviour may lead to these outcomes