Goodhart: Anglo-Saxon model of banking is flawed
A paper published by Charles Goodhart, a former member of the Bank of England's Monetary Policy Committee, in a Bank for International Settlements report made public in July says the Asian model of banking is far more successful than the Anglo-Saxon model at weathering financial crises.
The aim of the paper is to compare the Anglo-Saxon banking model, based on deregulation and free markets, with the Asian approach where a sizeable proportion of the domestic banking system is under public sector
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