e-MFP, 22 May 2014
Recently, I was reading the Economist and came across Charles Keating’s obituary. That name means little to most readers outside the US, but for me it reminded of an idea that’s been percolating in my mind for quite some time now: while rich countries offer valuable lessons for microfinance regulation, those lessons alone won’t be enough.
You see, Charles Keating was the poster-child of the Savings & Loan Crisis during the late-1980s, which saw the collapse of many of these small banks across the US, ending an unprecedented 50-year period of stability in the US banking sector. From today’s vantage point, that period is also difficult to understand. More →
Leave a Reply