Doha: Georgetown University in Qatar (GU-Q) will host a public lecture today by Dr Charles W Calomiris (pictured), a renowned economist, scholar and researcher. Drawing heavily on his most recent book Fragile by Design: The Political Origins of Banking Crises and Scarce Credit (with Stephen Harber, Princeton University Press 2014) he will speak on the current state of the banking sector and the fragility of the financial system, while providing a revealing exploration of the ways that politics inevitably intrudes into bank regulation.
As Calomiris recently said: “Many economists and central bankers talk about banking crises as if they were earthquakes; unpredictable consequences of uncontrollable forces. In fact, all around the world, banking crises generally are home-grown, predictable consequences of domestic political bargains.”
Professor Calomiris is at GU-Q this week primarily to work with GU-Q economist Dr. Alexis Antoniades on a research project examining how political activism affects banking behavior and subsequently analysing the consequences such behaviour has on lending decisions.
The Peninsula
