The Bankers' New Clothes : : What's Wrong with Banking and What to Do about It - New and Expanded Edition / / Anat Admati, Martin Hellwig.
Why our banking system is broken-and what we must do to fix itAs 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 s...
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| Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2023] 2013 |
| Year of Publication: | 2023 |
| Language: | English |
| Online Access: | |
| Physical Description: | 1 online resource (600 p.) :; 6 b/w illus. 4 tables. |
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Table of Contents:
- Frontmatter
- Contents
- Preface to the 2024 Edition
- Preface
- Acknowledgments
- 1. The Emperors of Banking Have No Clothes
- PART I: Borrowing, Banking, and Risk
- 2. How Borrowing Magnifies Risk
- 3. The Dark Side of Borrowing
- 4. Is It Really "A Wonderful Life"?
- 5. Banking Dominos
- PART II: The Case for More Bank Equity
- 6. What Can Be Done?
- 7. Is Equity Expensive?
- 8. Paid to Gamble
- 9. Sweet Subsidies
- 10. Must Banks Borrow So Much?
- PART III: Moving Forward
- 11. If Not Now, When?
- 12. The Politics of Banking
- 13. Other People's Money
- PART IV: Undermining Democracy and the Rule of Law
- 14. Too Fragile Still
- 15. Bailouts and Central Banks
- 16. Bailouts Forever
- 17. Above the Law?
- Notes
- References
- Index