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

IF 1.1 4区管理学 Q3 PUBLIC ADMINISTRATION

Canadian Public Administration-Administration Publique Du Canada Pub Date : 2023-07-13 DOI:10.1111/capa.12534

Marc-André Pigeon

引用次数: 0

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.

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撤销合作协议：省级信用合作社联邦通融的起源和解散

2023年初几家美国地区银行的倒闭，突显了加拿大作为银行业弹性之乡的声誉。在加拿大，联邦政策制定者保护自己对银行业的管辖责任，不受民粹主义冲动的影响，并以竞争换取金融稳定。本文认为，对这种观察到的稳定性的传统解释是不完整的，因为它们忽略了任何关于联邦政策的讨论，这些政策塑造了一个5500亿美元的省级信用合作社系统的增长。本文通过展示政策制定者如何适应信用合作社，并利用它们来引导民粹主义冲动，但在总体金融稳定担忧的范围内，调和了由此产生的困惑。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Canadian Public Administration-Administration Publique Du Canada PUBLIC ADMINISTRATION-

CiteScore

1.90

自引率

20.00%

发文量

期刊介绍： Canadian Public Administration/Administration publique du Canada is the refereed scholarly publication of the Institute of Public Administration of Canada (IPAC). It covers executive, legislative, judicial and quasi-judicial functions at all three levels of Canadian government. Published quarterly, the journal focuses mainly on Canadian issues but also welcomes manuscripts which compare Canadian public sector institutions and practices with those in other countries or examine issues in other countries or international organizations which are of interest to the public administration community in Canada.