COMMENT ON THE 2011 WINCOTT LECTURE, ‘CONTROL RIGHTS (AND WRONGS)’

Authors

  • Martin Wolf

    Corresponding author
    1. Financial Times
      Martin Wolf is Associate Editor and Chief Economics Commentator of the Financial Times (Martin.Wolf@ft.com).
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Martin Wolf is Associate Editor and Chief Economics Commentator of the Financial Times (Martin.Wolf@ft.com).

Abstract

Over a long period leading up to the current financial crisis, small banks within a small banking system were replaced by unsafe, large banks within a huge banking system. The banks have now grown so big and so dangerous that they have the capacity to wreck economies and bring down governments.

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