The Bankers' New Clothes
Princeton University Press (Verlag)
978-0-691-16238-6 (ISBN)
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The past few years have shown that risks in banking can impose significant costs on the economy. Many claim, however, that a safer banking system would require sacrificing lending and economic growth. The Bankers' New Clothes examines this claim and the narratives used by bankers, politicians, and regulators to rationalize the lack of reform, exposing them as invalid. Anat Admati and Martin Hellwig argue that we can have a safer and healthier banking system without sacrificing any of its benefits, and at essentially no cost to society. They seek to engage the broader public in the debate by cutting through the jargon of banking, clearing the fog of confusion, and presenting the issues in simple and accessible terms.
Anat Admati is the George G. C. Parker Professor of Finance and Economics at Stanford's Graduate School of Business. She serves on the FDIC Systemic Resolution Advisory Committee and has contributed to the Financial Times, Bloomberg News, and the New York Times. Martin Hellwig is director at the Max Planck Institute for Research on Collective Goods. He was the first chair of the Advisory Scientific Committee of the European Systemic Risk Board and the cowinner of the 2012 Max Planck Research Award for his work on financial regulation.
Preface to the Paperback Edition ix Preface xiii Acknowledgments xvii 1The Emperors of Banking Have No Clothes 1 PART I Borrowing, Banking, and Risk 15 2How Borrowing Magnifies Risk 17 3The Dark Side of Borrowing 32 4Is It Really "A Wonderful Life"? 46 5Banking Dominos 60 PART II The Case for More Bank Equity 79 6What Can Be Done? 81 7Is Equity Expensive? 100 8Paid to Gamble 115 9Sweet Subsidies 129 10Must Banks Borrow So Much? 148 PART III Moving Forward 167 11If Not Now, When? 169 12The Politics of Banking 192 13Other People's Money 208 Notes 229 References 337 Index 363
| Erscheint lt. Verlag | 23.3.2014 |
|---|---|
| Vorwort | Anat Admati, Martin Hellwig |
| Zusatzinfo | 6 line illus. 4 tables. |
| Verlagsort | New Jersey |
| Sprache | englisch |
| Maße | 140 x 216 mm |
| Gewicht | 369 g |
| Themenwelt | Sozialwissenschaften ► Politik / Verwaltung ► Politische Theorie |
| Wirtschaft ► Allgemeines / Lexika | |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre | |
| Wirtschaft ► Volkswirtschaftslehre | |
| ISBN-10 | 0-691-16238-7 / 0691162387 |
| ISBN-13 | 978-0-691-16238-6 / 9780691162386 |
| Zustand | Neuware |
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