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The banker’s profession and risk: the alteration of the finance functions of the banking system


  • Sandrine Ansart


  • Virginie Monvoisin



While the financial system has experienced a historical crisis, questions about the role of banking sector are rising among the public and commentators. Although Minsky was one of the few authors who studied the link between banks, risk and crisis, nevertheless his approach seems incomplete for throwing light on the whole set of phenomena of the current crisis. So, we propose to go back to history of banks in a perspective to show how the link between the banker and risk is specific, and how the recent alteration of this profession is source of main disequilibria.

Suggested Citation

  • Sandrine Ansart & Virginie Monvoisin, 2012. "The banker’s profession and risk: the alteration of the finance functions of the banking system," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 62, pages 7-35.
  • Handle: RePEc:cpo:journl:y:2012:i:62:p:7-35

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    Banker; financing; risks; regulation;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G01 - Financial Economics - - General - - - Financial Crises


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