Abstracts
Résumé
Les arguments avancés pour expliquer l’exception canadienne par rapport à la crise financière de 2007-2009 sont critiqués pour dégager un portrait plus nuancé du phénomène. L’article conclut que les différences objectives entre les systèmes bancaires canadien et américain ne peuvent plausiblement expliquer leur expérience différente de la crise. Celle-ci s’explique davantage par des facteurs impondérables qui ne sauraient servir de fondements à un modèle de réglementation optimale.
Mots-clés :
- institutions,
- réglementation financière,
- banques,
- crise financière,
- Canada
Abstract
The arguments put forward to explain the Canadian exception in the context of the financial crisis of 2007-2009 are criticized here in order to draw a more nuanced picture of the phenomenon. The article concludes that the objective differences between the Canadian and US banking systems cannot plausibly explain their different experience of the crisis. The divergence in the two experiences is more likely to be the result of unpredictable factors that cannot be used as a basis for an optimal regulatory model.
Keywords:
- institutions,
- financial regulation,
- banks,
- financial crisis,
- Canada
Appendices
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