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Too Big to Fail by Gary H Stern
Too Big to Fail by Gary H Stern
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Too Big to Fail

The Hazards of Bank Bailouts
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Paperback / softback
$88.00
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Description

As America saw all too vividly in 2008, the potential failure of a large bank presents vexing questions for policymakers. It poses significant risks to other financial institutions, to the financial system as a whole, to consumer and shareholder confidence, and to the economic order. Because of such fears, policymakers in many countries respond by protecting bank creditors from all or some of the losses they otherwise would face. Failing banks are labeled “too big to fail” (or TBTF). This important book examines the issues surrounding TBTF, explaining why it is a problem and presenting ways to deal with it more effectively.

Author Biography:

Gary H. Stern is president and chief executive officer of the Federal Reserve Bank of Minneapolis. Ron Feldman is senior vice president at the Federal Reserve Bank of Minneapolis. Paul A. Volcker was chairman of the Federal Reserve from 1979 to 1987.
Release date NZ
March 27th, 2009
Audience
  • Professional & Vocational
Contributor
  • Foreword by Paul A. Volcker
Pages
256
Dimensions
152x229x20
ISBN-13
9780815703044
Product ID
3927832

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