Fragile by Design

Name: Fragile by Design
SKU: 21681131
Price: 47.99 AUD
Availability: InStock

The Political Origins of Banking Crises and Scarce Credit

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Format:

Hardback

Series:

The Princeton Economic History of the Western World

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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 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.

Author Biography:

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".

Release date Australia

February 23rd, 2014

Author

Audience

Postgraduate, Research & Scholarly

Illustrations

30 line illus.

Pages

432

Series

The Princeton Economic History of the Western World

Dimensions

152x229x37

ISBN-13

9780691155241

Product ID

21681131

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