Why stable banking systems are so rare 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 enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.

With over 50 endangered and vulnerable creatures and landscapes to colour, this book will raise awareness of our fragile world and inspire conservation.

Fragile Hierarchies deals with the world of the urban elites of third century Roman Egypt. It discusses economic, social and demographic aspects of the position of the elites of the small towns that dotted the Nile. The work combines analysis of Greek papyri with modelling techniques used in ancient history. The first part of the book analyses patterns of urbanisation, property relations and their consequences for elite formation. The second part discusses demographic aspects, patterns of inheritance and their consequences for continuity and discontinuity. The central argument of the book is that a strong social and economic hierarchy occurred side by side with a dynamic pattern of elite renewal.

"... Explores the connections between fragile statehood and violent conflict, and analyses the limitations of outside intervention from international society."--P. 4 of cover.