The Political Origins of Banking Crises and Scarce Credit
by
Charles W. Calomiris, Stephen H. Haber
Language: English
Release Date: February 23, 2014
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...