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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, 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.…mehr

Produktbeschreibung
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, 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.
  • Produktdetails
  • The Princeton Economic History of the Western World
  • Verlag: Princeton University Press
  • Seitenzahl: 584
  • Erscheinungstermin: 4. August 2015
  • Englisch
  • Abmessung: 216mm x 141mm x 42mm
  • Gewicht: 520g
  • ISBN-13: 9780691168357
  • ISBN-10: 0691168350
  • Artikelnr.: 42515904
Autorenporträt
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.
Rezensionen
"Fragile by Design bristles with insights about how conflicting private interests, intermediated through political institutions, have sometimes produced banking and social insurance arrangements that make financial crises much more likely than they should be."--Thomas Sargent, Nobel Laureate in Economics