%{search_type} search results

1 catalog result

RSS feed for this result
1 online resource (421 pages)
  • 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.
  • (source: Nielsen Book Data)9780691162386 20180530
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 20180530
Stanford Libraries
ECON-143-02, MS&E-147-02, POLISCI-127A-02, PUBLPOL-143-02