|
BANKER'S NEW CLOTHES - WHAT'S WRONG WITH BANKING AND WHAT TO DO ABOUT IT (HARDCOVER) |
by ADMATI, ANAT/HELLWIG, MARTIN |
Categories:
Finance
Finance
|
ISBN: 0691156840
- ISBN 13: 9780691156842 |
AAB Internal Code: 5939252 |
Pubblication year: 2013
|
Arrival date: 7/2/2014 |
Published by: Princeton University Press |
|
What is wrong with today's banking system? 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. Admati and Hellwig argue we can have a safer and healthier banking system without sacrificing any of the benefits of the system, and at essentially no cost to society. They show that banks are as fragile as they are not because they must be, but because they want to be - and they get away with it. Whereas this situation benefits bankers, it distorts the economy and exposes the public to unnecessary risks. Weak regulation and ineffective enforcement allowed the buildup of risks that ushered in the financial crisis of 2007-2009. Much can be done to create a better system and prevent crises. Yet the lessons from the crisis have not been learned.; Admati and Hellwig 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. "The Bankers' New Clothes" calls for ambitious reform and outlines specific and highly beneficial steps that can be taken immediately. |
Items in stock:
| 0 (NO ITEMS IN STOCK) |
Book Price: |
€ 31.90 |
|
WEB Discount: |
- € 1.59 |
(5%) |
WEB Price: |
€ 30.31 |
|
Available: |
In 10/20 days unless unavailable |
|
(because of availability, the final price of this particular product may be different than expected) |
|
If you personally go to our bookshop, you will still be entitled to the same WEB DISCOUNT, provided that you bring and show the assistant a print-out of the web page where the discounted price is indicated, and provided that the document is not older than 3 days at the time of your visit. |
|