Fragile by Design (eBook)

The Political Origins of Banking Crises and Scarce Credit

Charles W. Calomiris, Stephen Haber (Autoren)

eBook Download: PDF | EPUB

2014 | 1. Auflage
584 Seiten
Princeton University Press (Verlag)
978-1-4008-4992-5 (ISBN)

Infos

Charles W. Calomiris is a professor at Columbia Business School and Columbia's School of International and Public Affairs. Stephen H. Haber is a professor of political science and senior fellow of the Hoover Institution at Stanford University.

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Why stable banking systems are so rareWhy 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.

Produkt-Details

• Erscheint lt. Verlag: 23.2.2014
• Reihe/Serie: The Princeton Economic History of the Western World
• Reihe/Serie: The Princeton Economic History of the Western World
• Zusatzinfo: 30 line illus.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Geschichte / Politik ► Politik / Gesellschaft
• Themenwelt: Geisteswissenschaften ► Geschichte
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Politische Theorie
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• Schlagworte: asset • autocracy • Bailout • balance sheet • Bank • bank failure • Banknote • Bank of England • Bank regulation • bank run • Bond (finance) • Bond Market • Central Bank • Chartering (shipping) • Commercial Bank • corporation • Credit (finance) • Creditor • credit risk • Currency • debt • Debtor • Default (finance) • Deposit account • deposit insurance • dividend • Economic Growth • Economic Policy • Economics • economist • economy • Employment • Equity (finance) • Exchange Rate • Expense • Expropriation • Fiat Money • Finance • Financial Crisis • Financial innovation • Financial institution • Financial Repression • financier • Fiscal agent • Government bond • Government Debt • government spending • income • industrialisation • Inflation • Inflation Tax • Insolvency • Institution • Interest • Interest Rate • International Monetary Fund • Investment • Investor • joint-stock company • Legislation • Legislature • Leverage (finance) • Liability (financial accounting) • Liberalization • Limited liability • market liquidity • Market power • monetary policy • money market • mortgage loan • Payment • Political Party • Politician • Politics • Populism • private Bank • Profit (economics) • Provision (accounting) • Public Finance • Rate of return • Recession • Risk Management • saving • Securitization • Shareholder • Stock Market • Subsidy • Suffrage • Supply (economics) • tariff • Tax • Taxpayer • tax revenue • Too big to fail • Unemployment • U.S. Bancorp • Value (economics) • Voting • Wealth • World War II
• ISBN-10: 1-4008-4992-6 / 1400849926
• ISBN-13: 978-1-4008-4992-5 / 9781400849925