Banking and Geography
Geography plays a crucial role in shaping institutions and banking systems, particularly in Canada, where centralization contrasts sharply with the U.S. model. The disenfranchisement of the French population through political structures, such as the Senate, has led to significant differences in banking policy outcomes between the two countries. While the U.S. experiences populist waves that influence banking reforms, similar movements in Canada struggle to gain traction due to its centralized political arrangement. This highlights the importance of understanding the political context when analyzing financial systems.In this clip
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Charles Calomiris and Stephen Haber on Fragile by Design
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