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The Wealth Effect: How the Great Expectations of the Middle Class Have Changed the Politics of Banking Crises
0Understand how the rising wealth of the middle class fundamentally reshapes government policy during banking crises. This insightful analysis reveals that democratic demands for wealth protection make financial stabilization more complex and costly. Drawing on extensive historical and contemporary data, including detailed case studies, it explains why financial fragility and political discontent are escalating in modern democracies. Essential reading for professionals, students, and anyone keen on political economy, financial regulation, and the future of economic stability in India and beyond.