In this Book
- The Bankers' New Clothes: What's Wrong with Banking and What to Do about It - Updated Edition
- Book
- 2014
- Published by: Princeton University Press
summary
Why our banking system is broken—and what we must do to fix it
As memories of the Global Financial Crisis have faded, it has been tempting to believe that the banking system is now safe and that we will never again have to choose between havoc and massive bailouts. But The Bankers’ New Clothes shows that reforms have changed little—and that the banks still present serious dangers to the world economy. Writing in clear language anyone can understand, Anat Admati and Martin Hellwig explain how we can have a healthier banking system without sacrificing any benefits. They also debunk the false and misleading narratives of bankers, regulators, politicians, academics, and others who oppose real reform.
Table of Contents
Download Full Book
- Preface to the Paperback Edition
- pp. ix-xii
- Acknowledgments
- pp. xvii-xx
- Part I: Borrowing, Banking, and Risk
- 2 How Borrowing Magnifies Risk
- pp. 17-31
- 3 The Dark Side of Borrowing
- pp. 32-45
- 4 Is It Really “A Wonderful Life”?
- pp. 46-59
- 5 Banking Dominos
- pp. 60-78
- Part II: The Case for More Bank Equity
- 6 What Can Be Done?
- pp. 81-99
- 7 Is Equity Expensive?
- pp. 100-114
- 8 Paid to Gamble
- pp. 115-128
- 9 Sweet Subsidies
- pp. 129-147
- 10 Must Banks Borrow So Much?
- pp. 148-166
- Part III: Moving Forward
- 11 If Not Now, When?
- pp. 169-191
- 12 The Politics of Banking
- pp. 192-207
- 13 Other People’s Money
- pp. 208-228
- References
- pp. 337-362
Additional Information
ISBN
9781400851195
Related ISBN(s)
9780691162386
MARC Record
OCLC
826657883
Pages
424
Launched on MUSE
2015-01-01
Language
English
Open Access
No