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Why stable banking systems are so rare
Why are banking systems unstable in so many countries―but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households.
Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues.
Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.
ASIN : 0691168350
Publisher : Princeton University Press
Publication date : Aug. 4 2015
Edition : Reprint
Language : English
Print length : 584 pages
ISBN-10 : 9780691168357
ISBN-13 : 978-0691168357
Item weight : 510 g
Dimensions : 13.97 x 3.81 x 21.59 cm
Part of series : The Princeton Economic History of the Western World
Best Sellers Rank: #378,695 in Books (See Top 100 in Books) #31 in Comparative Financial Economics (Books) #32 in Comparative Economics (Books) #56 in Private Equity
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