JOURNAL ARTICLE

Undoing a co‐operative bargain: The origins and dissolution of federal accommodation of provincial credit unions.

  • Published In: Canadian Public Administration, 2023, v. 66, n. 3. P. 303 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: Pigeon, Marc‐André 3 of 3

Abstract

The failure of several U.S. regional banks early in 2023 underlined Canada's reputation as home to a resilient banking sector where federal policymakers guard their jurisdictional responsibility over banking against populist impulses and trade off competition for financial stability. This article argues that conventional explanations for this observed stability are incomplete because they omit any discussion of federal policies that shaped the growth of a $550 billion provincially based credit union system. This article reconciles the resulting puzzle by showing how policymakers accommodated credit unions and used them to channel populist impulses but within the bounds of over‐arching financial stability concerns. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Canadian Public Administration. 2023/09, Vol. 66, Issue 3, p303
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2023
  • ISSN:0008-4840
  • DOI:10.1111/capa.12534
  • Accession Number:172273487
  • Copyright Statement:Copyright of Canadian Public Administration is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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