Fragile by Design: The Political Origins of Banking Crises and Scarce Credit

by Charles W. Calomiris and Stephen H. Haber

Book Overview

Why stable banking systems are so rare

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,...

• Format: Hardcover
• Language: English
• ISBN: 0691155240
• ISBN13: 9780691155241
• Release Date: February 2014
• Publisher: Princeton University Press
• Length: 432 Pages
• Weight: 2.16 lbs.
• Dimensions: 1.4" x 6.4" x 9.3"