Fragile by Design: The Political Origins of Banking Crises and Scarce Credit — Business Books in Bulk - 800-CEO-READ

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

    By Charles W Calomiris, Stephen H Haber

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.


NEWS: The FT Press/McKinsey Business Book of the Year Longlist

Posted August 7, 2014, 6:44 PM with category of Publishing Industry
I speculated back in May when submissions opened for The Financial Times and McKinsey & Company 2014 Business Book of the Year Award that the books they looked at would be more focused on business nuts-and-bolts issues now that a consultancy firm (McKinsey) had taken over for an investment bank (Goldman Sachs) as the Financial Times' partner on the awards. I also thought they would not be announcing a longlist as they had in the past because it was not on their awards schedule. It seems I was wrong on both counts, because The Financial Times and McKinsey announced a longlist this morning, and the books on it are mostly big-picture books, not nut-and-bolts business and management books. Read more


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ISBN 9781400849925
Language English
Publish Date 02/22/2014
Publisher Princeton University Press

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