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Awards
OverviewFull Product DetailsAuthor: Charles W. Calomiris , Stephen HaberPublisher: Princeton University Press Imprint: Princeton University Press Volume: 55 Dimensions: Width: 15.20cm , Height: 3.70cm , Length: 23.50cm Weight: 0.907kg ISBN: 9780691155241ISBN 10: 0691155240 Pages: 432 Publication Date: 23 February 2014 Audience: College/higher education , College/higher education , Postgraduate, Research & Scholarly , Tertiary & Higher Education Format: Hardback Publisher's Status: Active Availability: Available To Order ![]() We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately. Language: English Table of ContentsPreface ix SECTION ONE No Banks without States, and No States without Banks 1 If Stable and Effi cient Banks Are Such a Good Idea, Why Are They So Rare? 3 2 The Game of Bank Bargains 27 3 Tools of Conquest and Survival: Why States Need Banks 60 4 Privileges with Burdens: War, Empire, and the Monopoly Structure of English Banking 84 5 Banks and Democracy: Britain in the Nineteenth and Twentieth Centuries 105 SECTION TWO The Cost of Banker-Populist Alliances: The United States versus Canada 6 Crippled by Populism: U.S. Banking from Colonial Times to 1990 153 7 The New U.S. Bank Bargain: Megabanks, Urban Activists, and the Erosion of Mortgage Standards 203 8 Leverage, Regulatory Failure, and the Subprime Crisis 256 9 Durable Partners: Politics and Banking in Canada 283 SECTION THREE Authoritarianism, Democratic Transitions, and the Game of Bank Bargains 10 Mexico: Chaos Makes Cronyism Look Good 331 11 When Autocracy Fails: Banking and Politics in Mexico since 1982 366 12 Infl ation Machines: Banking and State Finance in Imperial Brazil 390 13 The Democratic Consequences of Infl ation-Tax Banking in Brazil 415 SECTION FOUR Going beyond Structural Narratives 14 Traveling to Other Places: Is Our Sample Representative? 451 15 Reality Is a Plague on Many Houses 479 References 507 Index 549ReviewsBusiness economists Calomiris and Haber explain how imperfectly politics and commercial banks intersect, and the consequences for the rest of us. . . . This learned inquiry deserves ample attention from scholars, regulators, and bankers themselves. -- Publishers Weekly Business economists Calomiris and Haber explain how imperfectly politics and commercial banks intersect, and the consequences for the rest of us... This learned inquiry deserves ample attention from scholars, regulators, and bankers themselves. --Publishers Weekly Calomiris and Haber offer a thoughtful counter-argument to the current received wisdom. --Howard Davies, Times Higher Education Readable, erudite, myth-busting... The authors' clear and well-documented discussion of what happened should dissuade anyone of the myth that the economic crisis of 2007-09 was caused by the profit-and-loss system of unfettered capitalism. --Gene Epstein, Barron's Charles Calomiris and Stephen Haber make the compelling argument that a country's propensity for frequent banking crises is linked to the ability of populist elements to hold the banking sector to ransom. --Louise Bennetts, American Banker This is a great history of political interference in bank regulation ... --James Ferguson, Money Week Business economists Calomiris and Haber explain how imperfectly politics and commercial banks intersect, and the consequences for the rest of us... This learned inquiry deserves ample attention from scholars, regulators, and bankers themselves. --Publishers Weekly Calomiris and Haber offer a thoughtful counter-argument to the current received wisdom. --Howard Davies, Times Higher Education Brilliant... [I]f you are looking for a rich history of banking over the last couple of centuries and the role played by politics in that evolution, there is no better study. It deserves to become a classic. --Liaquat Ahamed, New York Times Book Review Business economists Calomiris and Haber explain how imperfectly politics and commercial banks intersect, and the consequences for the rest of us... This learned inquiry deserves ample attention from scholars, regulators, and bankers themselves. --Publishers Weekly Calomiris and Haber offer a thoughtful counter-argument to the current received wisdom. --Howard Davies, Times Higher Education Readable, erudite, myth-busting... The authors' clear and well-documented discussion of what happened should dissuade anyone of the myth that the economic crisis of 2007-09 was caused by the profit-and-loss system of unfettered capitalism. --Gene Epstein, Barron's Charles Calomiris and Stephen Haber make the compelling argument that a country's propensity for frequent banking crises is linked to the ability of populist elements to hold the banking sector to ransom. --Louise Bennetts, American Banker This is a great history of political interference in bank regulation ... --James Ferguson, Money Week One reason why economists did not see the financial crisis coming is that the models most macro and financial economists deal in are free of politics. Fragile by Design offers a much-needed supplement. --Martin Sandbu, Financial Times Will a next crisis be averted? Perhaps, if our regulators read this book. --Vicky Pryce, The Independent Fragile by Design ... is a great book... [E]normously illuminating, and contains the most powerful and concise account of the causes of the 2008 crisis that I have seen. --Eric Posner, EricPosner.com Author InformationCharles 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. Tab Content 6Author Website:Countries AvailableAll regions |