03603nam 2200733 450 991082212060332120211029014507.01-4008-5119-X1-299-05129-41-4008-4656-010.1515/9781400851195(CKB)2670000000330141(EBL)1084823(OCoLC)826657883(SSID)ssj0000819474(PQKBManifestationID)11525143(PQKBTitleCode)TC0000819474(PQKBWorkID)10845453(PQKB)10130130(MdBmJHUP)muse37231(DE-B1597)447478(OCoLC)1013957250(OCoLC)922639070(DE-B1597)9781400851195(Au-PeEL)EBL1084823(CaPaEBR)ebr10846050(CaONFJC)MIL436379(PPN)201966247(MiAaPQ)EBC1084823(EXLCZ)99267000000033014120140318h20132013 uy 0engurnn#---|u||utxtccrThe bankers' new clothes what's wrong with banking and what to do about it /Anat Admati and Martin HellwigUpdated edition with a New Preface by the authorsPrinceton, New Jersey ;Woodstock, England :Princeton University Press,2013.©20131 online resource (417 p.)Description based upon print version of record.0-691-16238-7 0-691-15684-0 Includes bibliographical references and index.Front matter --CONTENTS --Preface to the Paperback 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 --Notes --References --IndexThe 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.Banks and bankingFinancial institutionsGovernment policyFinancial crisesPreventionBanks and banking.Financial institutionsGovernment policy.Financial crisesPrevention.332.1QK 640rvkAdmati Anat R.523096Hellwig Martin F.MiAaPQMiAaPQMiAaPQBOOK9910822120603321The bankers' new clothes4088253UNINA