LEADER 03603nam 2200733 450 001 9910822120603321 005 20211029014507.0 010 $a1-4008-5119-X 010 $a1-299-05129-4 010 $a1-4008-4656-0 024 7 $a10.1515/9781400851195 035 $a(CKB)2670000000330141 035 $a(EBL)1084823 035 $a(OCoLC)826657883 035 $a(SSID)ssj0000819474 035 $a(PQKBManifestationID)11525143 035 $a(PQKBTitleCode)TC0000819474 035 $a(PQKBWorkID)10845453 035 $a(PQKB)10130130 035 $a(MdBmJHUP)muse37231 035 $a(DE-B1597)447478 035 $a(OCoLC)1013957250 035 $a(OCoLC)922639070 035 $a(DE-B1597)9781400851195 035 $a(Au-PeEL)EBL1084823 035 $a(CaPaEBR)ebr10846050 035 $a(CaONFJC)MIL436379 035 $a(PPN)201966247 035 $a(MiAaPQ)EBC1084823 035 $a(EXLCZ)992670000000330141 100 $a20140318h20132013 uy 0 101 0 $aeng 135 $aurnn#---|u||u 181 $ctxt 182 $cc 183 $acr 200 14$aThe bankers' new clothes $ewhat's wrong with banking and what to do about it /$fAnat Admati and Martin Hellwig 205 $aUpdated edition with a New Preface by the authors 210 1$aPrinceton, New Jersey ;$aWoodstock, England :$cPrinceton University Press,$d2013. 210 4$dİ2013 215 $a1 online resource (417 p.) 300 $aDescription based upon print version of record. 311 0 $a0-691-16238-7 311 0 $a0-691-15684-0 320 $aIncludes bibliographical references and index. 327 $tFront matter --$tCONTENTS --$tPreface to the Paperback Edition --$tPreface --$tAcknowledgments --$t1. The Emperors of Banking Have No Clothes --$tPART I. Borrowing, Banking, and Risk --$t2. How Borrowing Magnifies Risk --$t3. The Dark Side of Borrowing --$t4. Is It Really "A Wonderful Life"? --$t5. Banking Dominos --$tPART II. The Case for More Bank Equity --$t6. What Can Be Done? --$t7. Is Equity Expensive? --$t8. Paid to Gamble --$t9. Sweet Subsidies --$t10. Must Banks Borrow So Much? --$tPART III. Moving Forward --$t11. If Not Now, When? --$t12. The Politics of Banking --$t13. Other People's Money --$tNotes --$tReferences --$tIndex 330 $aThe 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. 606 $aBanks and banking 606 $aFinancial institutions$xGovernment policy 606 $aFinancial crises$xPrevention 615 0$aBanks and banking. 615 0$aFinancial institutions$xGovernment policy. 615 0$aFinancial crises$xPrevention. 676 $a332.1 686 $aQK 640$2rvk 700 $aAdmati$b Anat R.$0523096 702 $aHellwig$b Martin F. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910822120603321 996 $aThe bankers' new clothes$94088253 997 $aUNINA