Global Economic Crisis Analytical Essay by Top Papers

Global Economic Crisis
An examination of the Canadian banking system and its roots.
# 144318 | 2,250 words | 9 sources | APA | 2009 | US


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Description:

The paper asserts that the ideological underpinnings that have shaped the regulation of the Canadian banking system are complex, and notably different from those which have shaped the American banking system. This paper argues that the ideological roots of the Canadian system lie in state regulation and monopolistic practices of Mercantilism, as manifested in a modern welfare state ideology focused on mitigating the extremes of the market cycle (Eaton 2003). The paper relates that Canada's banking system was recently ranked by the World Economic Forum as the soundest in the world, in contrast to the banking system of the United States, which was ranked in 40th place (Tedesco 2009). The paper notes that despite globalization and its ideological support structures of neo-liberalism and neo-conservatism, that have influenced the minimal regulation of the American approach to banking, the organization of the Canadian banking system today continues the long Canadian tradition of "a preoccupation with stability" through close regulation of the banking system (Darroch and Kerr 2003, p.302).

From the Paper:

"The ideological underpinnings that have shaped the regulation of the Canadian banking system are complex, and notably different from those which have shaped the American banking system. This essay will argue that the ideological roots of the Canadian system lie in state regulation and monopolistic practices of Mercantilism, as manifested in a modern welfare state ideology focused on mitigating the extremes of the market cycle (Eaton 2003). Canada's banking system was recently ranked by the World Economic Forum as..."

Cite this Analytical Essay:

APA Format

Global Economic Crisis (2009, December 01) Retrieved February 03, 2023, from https://www.academon.com/analytical-essay/global-economic-crisis-144318/

MLA Format

"Global Economic Crisis" 01 December 2009. Web. 03 February. 2023. <https://www.academon.com/analytical-essay/global-economic-crisis-144318/>

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