the daunting currency crises that have frequently debilitated Latin American nations, including Mexico, Argentina, and …

banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone … history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design … fluctuations result from the complex bargains made between politicians, bankers, bank shareholders, depositors, debtors, and …

commercial banking--and derives some startling conclusions. Organizations that survive competition become stronger competitors …’s competitiveness at any given moment hinges on the organization’s historical experience. Through Red Queen competition, weaker … competitors fail, or they learn and adapt. This in turn heightens the intensity of competition and further strengthens survivors …

, Julian Le Grand argues that the best solution is to offer choice to users and to encourage competition among providers. Le … management; "voice"; and choice and competition. He argues that, although all of these have their merits, in most situations … policies that rely on extending choice and competition among providers have the most potential for delivering high …

the bank before the crisis, providing a detailed firsthand account of the creation, marketing, selling, accounting, and … management of these financial instruments—and of how they ultimately created havoc inside and outside the bank. …

The textbook view of the monetary transmissionmechanism rests on the central bank’s ability tomanipulate the overnight … overnight rate reverberateinto longer maturity rates. However, while few dispute the factthat the central bank controls the …