Fragile by Design

"Fragile by Design" explores how political bargains shape the stability of banking systems across countries, revealing that banking crises and limited credit are often the result of complex relationships between politicians, bankers, and various interest groups. By examining the history of nations like the United States, Canada, Mexico, Brazil, and the United Kingdom, the book highlights the influence of political institutions on banking regulations and access to credit. Combining political history and economics, it offers insight into why some banking systems thrive while others remain vulnerable.