Fragile by Design: The Political Origins of Banking Crises and Scarce Credit
Charles W. Calomiris, Stephen H. Haber • Princeton University Press • ISBN-13 978‑0691168357
Fragile by Design: The Political Origins of Banking Crises and Scarce Credit
Charles W. Calomiris, Stephen H. Haber • Princeton University Press
ISBN-10: 0691168350 · ISBN-13: 978‑0691168357 · 2015
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Charles W. Calomiris and Stephen H. Haber examine the structural instability of banking systems through a comparative historical lens. By analyzing the political coalitions that govern financial regulation, the authors demonstrate how specific institutional designs often prioritize the interests of powerful elites over the stability of credit markets and the broader public economy.
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