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Fragile by Design

- The Political Origins of Banking Crises and Scarce Credit

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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.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9780691168357
  • Indbinding:
  • Paperback
  • Sideantal:
  • 584
  • Udgivet:
  • 4. august 2015
  • Størrelse:
  • 140x216x38 mm.
  • Vægt:
  • 608 g.
  • 8-11 hverdage.
  • 21. november 2024
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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.

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