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This chapter discusses two questions that seem particularly relevant in the context of financial crises. The first concerns the extent to which bankers and financiers have been held responsible for the outbreak of financial crises. The second is the impact of financial crises on the governance of financial firms, in particular the evolution of ownership and control. Both questions are linked to the place and role of financial elites in economy and society.
Keywords: financial crisis; financial regulation; banking regulation; ownership; control
Chapter. 7293 words.
Subjects: Financial Institutions and Services
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