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Fragile by Design - The Political Origins of Banking Crises and Scarce Credit (Hardcover) Loot Price: R667
Discovery Miles 6 670
You Save: R136 (17%)
Fragile by Design - The Political Origins of Banking Crises and Scarce Credit (Hardcover): Charles W. Calomiris, Stephen H....

Fragile by Design - The Political Origins of Banking Crises and Scarce Credit (Hardcover)

Charles W. Calomiris, Stephen H. Haber

Series: The Princeton Economic History of the Western World

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List price R803 Loot Price R667 Discovery Miles 6 670 | Repayment Terms: R61 pm x 12* You Save R136 (17%)

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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 due to unforeseen circumstances. Rather, these fluctuations result from the complex bargains made between politicians, bankers, bank shareholders, depositors, debtors, and taxpayers. The well-being of banking systems depends on the abilities of political institutions to balance and limit how coalitions of these various groups influence government regulations.

"Fragile by Design" is a revealing exploration of the ways that politics inevitably intrudes into bank regulation. Charles Calomiris and Stephen Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why some endure while others are undermined, 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.

General

Imprint: Princeton University Press
Country of origin: United States
Series: The Princeton Economic History of the Western World
Release date: February 2014
First published: February 2014
Authors: Charles W. Calomiris • Stephen H. Haber
Dimensions: 235 x 152 x 37mm (L x W x T)
Format: Hardcover - Trade binding
Pages: 584
ISBN-13: 978-0-691-15524-1
Categories: Books > Social sciences > Politics & government > Political science & theory
Books > Business & Economics > Economics > Political economy
Books > Business & Economics > Economics > Macroeconomics > General
Books > Business & Economics > Finance & accounting > Finance > Banking
Books > Money & Finance > Banking
LSN: 0-691-15524-0
Barcode: 9780691155241

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