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The Bankers' New Clothes by Martin Hellwig
The Bankers' New Clothes by Martin Hellwig
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The Bankers' New Clothes

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The Bankers' New Clothes

What's Wrong with Banking and What to Do about It - Updated Edition
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Description

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.

Author Biography:

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.
Release date NZ
March 23rd, 2014
Audiences
  • Professional & Vocational
  • Tertiary Education (US: College)
Contributors
  • Preface by Anat Admati
  • Preface by Martin Hellwig
Edition
Revised edition
Illustrations
6 line illus. 4 tables.
Pages
424
Dimensions
140x216x28
ISBN-13
9780691162386
Product ID
21743705

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