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Fragile by Design
The Political Origins of Banking Crises and Scarce Credit
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Fragile by Design
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?
Why are banking systems unstable in so many countries - but not in others? Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, this book demonstrates that chronic banking crises and scarce credit are not accidents due to unforeseen circumstances.
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Description
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 minuscule amounts of credit to business enterprises and households.
Analysing 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.
Series: The Princeton Economic History of the Western World
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Fragile by Design
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Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?
Fragile by Design by Charles W. Calomiris and Stephen Haber is widely regarded as an essential read for understanding the complex interplay between politics and banking systems. The book has been praised for its insightful analysis of how political institutions influence financial systems, contributing to the frequency of banking crises. It is lauded for providing a comprehensive history backed by substantial research, making it an invaluable resource for both scholars and practitioners in the fields of finance and economics.
Book Details
INFORMATION
ISBN: 9780691155241
Publisher: Princeton University Press
Format: Hardback
Date Published: 23 February 2014
Country: United States
Imprint: Princeton University Press
Illustration: 30 line illus.
Audience: Tertiary education
DIMENSIONS
Width: 152.0mm
Height: 235.0mm
Weight: 907g
Pages: 432
About the Author
Charles W. Calomiris is the Henry Kaufman Professor of Financial Institutions at Columbia Business School and a professor at Columbia's School of International and Public Affairs. His many books include "U.S. Bank Deregulation in Historical Perspective". Stephen H. Haber is the A. A. and Jeanne Welch Milligan Professor in the School of Humanities and Sciences and the Peter and Helen Bing Senior Fellow at the Hoover Institution at Stanford University. His many books include "The Politics of Property Rights".
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