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Bankers' New Clothes What's Wrong with Banking and What to Do about It

ISBN-10: 0691162387
ISBN-13: 9780691162386
Edition: 2014 (Revised)
List price: $14.95
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Description: 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  More...

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Book details

List price: $14.95
Copyright year: 2014
Publisher: Princeton University Press
Publication date: 3/23/2014
Binding: Paperback
Pages: 424
Size: 5.50" wide x 8.50" long x 1.00" tall
Weight: 0.704
Language: English

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. 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.

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