Description
Introducing 'Fragile by Design', an insightful exploration into the vulnerable nature of banking systems across different countries. Authored by distinguished economists Calomiris and Haber, this analytical masterpiece dives deep into the intricate relationship between politics and banking. Understanding why some nations suffer from recurrent banking crises while others enjoy stability is crucial for policymakers, investors, and scholars alike. Spanning the political and banking histories of the United States, Canada, Mexico, and Brazil, this book reveals that financial instability is not a matter of chance, but rather the result of intentional policy decisions shaped by various coalitions. The authors dissect how political interests can lead to systemic crises and limited access to credit, thereby impacting businesses and households. 'Fragile by Design' emphasizes the importance of sound bank regulation and the economic implications stemming from political interventions. With its trade binding format and published by Princeton University Press in 2014, this title is a must-read for anyone interested in understanding the dynamics of global banking crises. Equip yourself with knowledge that can help in navigating financial complexities, and appreciate the significant role that politics plays in the financial landscape with this comprehensive guide to banking systems worldwide.