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xv, 268 pages : illustrations ; 25 cm
  • Part I: The language of money
  • Part II: A lexicon of money.
To those who don't speak it, the language of money can seem impenetrable and its ideas too complex to grasp. In How to Speak Money, John Lanchester-author of the New York Times best-selling book on the financial crisis, I.O.U.-bridges the gap between the money people and the rest of us. With characteristic wit and candor, Lanchester reveals how the world of finance really works: from the terms and conditions of your personal checking account to the evasions of bankers appearing in front of Congress. As Lanchester writes, we need to understand what the money people are talking about so that those who speak the language don't just write the rules for themselves. Lanchester explains more than 300 words and phrases from "AAA rating" and "amortization" to "yield curve" and "zombie bank." He covers things we say or hear every day-such as GDP, the IMF, credit, debt, equity, and inflation-and explains how hedge funds work, what the World Bank does, and why the language of money has gotten so complicated. Along the way he draws on everything from John Maynard Keynes to the Wu-Tang Clan, Friedrich Hayek to Thomas Piketty, The Wealth of Nations to Game of Thrones. A primer, a polemic, and a reference book, How to Speak Money makes economics understandable to anyone. After all, "money, " as Lanchester writes, "is a lot like babies, and once you know the language, the rule is the same as that put forward by Dr. Spock: 'Trust yourself. You know more than you think you do.'".
(source: Nielsen Book Data)9780393243376 20160617
Green Library
ECON-143-02, MS&E-147-02, POLISCI-127A-02, PUBLPOL-143-02
1 online resource (421 pages)
  • Preface to the Paperback Edition ix Preface xiii Acknowledgments xvii 1 The Emperors of Banking Have No Clothes 1 PART I Borrowing, Banking, and Risk 15 2 How Borrowing Magnifies Risk 17 3 The Dark Side of Borrowing 32 4 Is It Really "A Wonderful Life"? 46 5 Banking Dominos 60 PART II The Case for More Bank Equity 79 6 What Can Be Done? 81 7 Is Equity Expensive? 100 8 Paid to Gamble 115 9 Sweet Subsidies 129 10 Must Banks Borrow So Much? 148 PART III Moving Forward 167 11 If Not Now, When? 169 12 The Politics of Banking 192 13 Other People's Money 208 Notes 229 References 337 Index 363.
  • (source: Nielsen Book Data)9780691162386 20160618
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.
(source: Nielsen Book Data)9780691162386 20160618
Stanford Libraries
ECON-143-02, FINANCE-332-01-02, FINANCE-332-01-02, MS&E-147-02, POLISCI-127A-02, PUBLPOL-143-02