Coverart for item
The Resource The bankers' new clothes : what's wrong with banking and what to do about it, Anat Admati and Martin Hellwig

The bankers' new clothes : what's wrong with banking and what to do about it, Anat Admati and Martin Hellwig

Label
The bankers' new clothes : what's wrong with banking and what to do about it
Title
The bankers' new clothes
Title remainder
what's wrong with banking and what to do about it
Statement of responsibility
Anat Admati and Martin Hellwig
Title variation
bankers new clothes
Title variation remainder
whats wrong with banking and what to do about it
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
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
Summary
Looks at the problems with today's banking system, examining and the arguments used to justify the lack of reform after the recent financial crises, and suggesting things that may be done to prevent future crises
Writing style
http://library.link/vocab/ext/novelist/bookUI
10173752
Cataloging source
DLC
http://library.link/vocab/creatorName
Admati, Anat R
Dewey number
332.1
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
Hellwig, Martin F.
http://library.link/vocab/resourcePreferred
True
http://library.link/vocab/subjectName
  • Financial institutions
  • Financial crises
  • Banks and banking
Target audience
adult
http://bibfra.me/vocab/lite/titleRemainder
what's wrong with banking and what to do about it
Label
The bankers' new clothes : what's wrong with banking and what to do about it, Anat Admati and Martin Hellwig
Instantiates
Publication
Note
Includes new preface by authors
Bibliography note
Includes bibliographical references (pages 337-361) and index
Carrier category
volume
Content category
text
Contents
  • Sweet subsidies
  • Must banks borrow so much?
  • If not now, when?
  • The politics of banking
  • Other people's money
  • The emperors of banking have no clothes
  • How borrowing magnifies risk
  • The dark side of borrowing
  • Is it really "a wonderful life"?
  • Banking dominos
  • What can be done?
  • Is equity expensive?
  • Paid to gamble
Control code
000052738748
Dimensions
22 cm.
Extent
xix, 398 pages
Form of item
regular print reproduction
Isbn
9780691162386
Isbn Type
(paperback)
Label
The bankers' new clothes : what's wrong with banking and what to do about it, Anat Admati and Martin Hellwig
Publication
Note
Includes new preface by authors
Bibliography note
Includes bibliographical references (pages 337-361) and index
Carrier category
volume
Content category
text
Contents
  • Sweet subsidies
  • Must banks borrow so much?
  • If not now, when?
  • The politics of banking
  • Other people's money
  • The emperors of banking have no clothes
  • How borrowing magnifies risk
  • The dark side of borrowing
  • Is it really "a wonderful life"?
  • Banking dominos
  • What can be done?
  • Is equity expensive?
  • Paid to gamble
Control code
000052738748
Dimensions
22 cm.
Extent
xix, 398 pages
Form of item
regular print reproduction
Isbn
9780691162386
Isbn Type
(paperback)

Library Locations

    • Lionel Bowen Library and Community CentreBorrow it
      669-673 Anzac Parade, Marouba, NSW, 2035, AU
      -33.938111 151.237977
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