Fragile by Design: The Political Origins of Banking Crises and Scarce Credit - Couverture souple

Calomiris, Charles W.; Haber, Stephen

Couverture souple

ISBN 10 : 0691168350 ISBN 13 : 9780691168357

Editeur : Princeton University Press, 2015

Synopsis

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.

A propos du livre

À propos de l'auteur

Charles W. Calomiris is a professor at Columbia Business School and Columbia's School of International and Public Affairs. Stephen H. Haber is a professor of political science and senior fellow of the Hoover Institution at Stanford University.

Détails de l'édition

• Éditeur: Princeton University Press
• Date d'édition: 2015
• Langue: anglais
• ISBN 10: 0691168350
• ISBN 13: 9780691168357
• Reliure: Broché
• Nombre de pages: 584
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible