Why Canada Can Avoid Banking Crises and U.S. Can’t

Since 1790, the United States has suffered 16 banking crises. Canada has experienced zero — not even during the Great Depression. It turns out Canada can thank the French for their stable system, according to a paper by Columbia University’s Charles Calomiris, presented at the Atlanta Fed’s 2013 …

See the rest here:
Why Canada Can Avoid Banking Crises and U.S. Can’t