This blog integrates economics and history to explore the evolution and functioning of banks, their interactions with capital markets, their fragilities, and their regulations. We will trace the history of banking from its origins to the present day, with a focus on the U.S., Canada, China, and Europe.

By examining the core principles of banking, its evolution, and banking crises across different historical periods and societies, this blog offers key insights into the foundations of the modern financial system. History serves as a lens to understand how finance is deeply connected to social institutions, moral philosophies, and political conflict. Through understanding the origins and progression of these systems, you will gain a clearer perspective on the complexities of today’s financial world – a perspective that will remain relevant as the financial system continues to evolve.

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