  We consider a model for a metal-insulator transition of correlated electrons
in an external magnetic field. We find a broad region in interaction and
magnetic field where metallic and insulating (fully magnetized) solutions
coexist and the system undergoes a first-order metal-insulator transition. A
global instability of the magnetically saturated solution precedes the local
ones and is caused by collective fluctuations due to poles in electron-hole
vertex functions.
