Fragile by Design
Charles Calomiris talked about his book, Fragile by Design: The Political Origins of Banking Crises and Scarce Credit, in which he analyzes the banking systems in the United States, the United Kingdom, Canada, Mexico, and Brazil, going back several decades to find out what makes banking systems unstable. He concluded that the deciding factor is the level of political interference in the system. This event was hosted by the Museum of American Finance in New York City. close
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