Photo: Shutterstock

A tale of two countries

Photo: Shutterstock
Photo: Shutterstock
The Actuary
July 14, 2014
By Charles Calomiris and Stephen Haber

Why are banking systems unstable in some countries – but not in others? Charles Calomiris and Stephen Haber use the examples of the United States and Canada to reveal how a mix of politicians, bankers and other interest groups make financial crises more likely to occur

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