What We Read Today 04 June 2014

June 4th, 2014
in econ_news, syndication

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

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Follow up:

  • Why banking crises happen in America but not in Canada (John Kay, Financial Times) Kay discusses the analysis of Charles Calomoris and Stephen Haber (in their book Fragile by Design). The robustness of a financial system is related to "the product of culture, history and the political system", is Kay's synopsis of the message from the book. And Canada's mortgage market and financial system display an "enviable dullness". How does this compare to the U.S.'s vibrant and exciting financial system. From Kay's disparaging remarks about Tim Geithner's recent book you get the feeling you will not find the answer there. Kay says this was an "obvious question which Mr. Geithner has not thought to ask".

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