Economic Policies for the 21st Century at the Manhattan Institute
February 27, 2014

In their new book, Fragile by Design, Columbia University professor Charles W. Calomiris and Stanford University professor Stephen H. Haber explore why banking systems are unstable in many countries—but not in others. For example, the United States has had 12 systemic banking crises since 1840, while Canada has had none.

» See full article in the Economic Policies for the 21st Century.