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Histoire longue : la naissance de la réglementation prudentielle, 1800-1945

Author

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  • Olivier Brossard
  • Hicham Chetioui

Abstract

[fre] Cet article a pour objectif de décrire et d'expliquer les vicissitudes de la réglementation prudentielle entre 1800 et 1945. L'analyse historique des succès et des échecs en matière de règles prudentielles permet de dégager quelques leçons pouvant éclairer les débats actuels concernant les nouveaux accords de Bâle. Nous étudions plus particulièrement quatre points importants pour la réflexion prudentielle : . 1) L'évolution des règles de fonds propres, de réserves et d'assurance-dépôts aux États-Unis, en Angleterre et en Allemagne ; 2) La supervision bancaire privée et publique aux États-Unis ; 3) La discipline de marché et la discipline interbancaire aux États-Unis ; 4) Les caractéristiques structurelles ayant déterminé l'efficacité des règles prudentielles aux États-Unis, en Angleterre, en Allemagne et en France. . Classification JEL : E44, G21, G28, N23, N24 [eng] Some lessons from history : the birth of prudential regulation between 1800 and 1945. We describe and comment the birth of prudential regulation in England, Germany, France and the United States between 1800 and 1945. We assess whether the different regulations experimented during this period were successful in preventing financial crisis. This historical analysis permits us to draw some lessons concerning different aspects of the second Basel accord. More precisely, we focus on the four following points : 1) The evolution of capital and reserve requirements and of deposit insurance schemes in the United States, in England and in Germany ; 2) private and public banking supervision in the United States ; 3) Market discipline in the United States ; 4) Structural characteristics influencing the efficiency of prudential regulation in the United States, in England, in France and in Germany. . JEL classifications : E44, G21, G28, N23, N24

Suggested Citation

  • Olivier Brossard & Hicham Chetioui, 2003. "Histoire longue : la naissance de la réglementation prudentielle, 1800-1945," Revue d'Économie Financière, Programme National Persée, vol. 73(4), pages 13-37.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2003_num_73_4_4998
    DOI: 10.3406/ecofi.2003.4998
    Note: DOI:10.3406/ecofi.2003.4998
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-

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