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The Bankers' New Clothes : What's Wrong with Banking and What to Do about It - Updated Edition / Martin Hellwig, Anat Admati.

By: Contributor(s): Material type: TextTextPublisher: Princeton, NJ : Princeton University Press, [2014]Copyright date: ©2014Edition: Updated edition with a New Preface by the authorsDescription: 1 online resource (424 p.) : 6 line illus. 4 tablesContent type:
Media type:
Carrier type:
ISBN:
  • 9780691162386
  • 9781400851195
Subject(s): LOC classification:
  • HG1586 .A23 2013
Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- 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 -- Index
Summary: 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.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9781400851195

Frontmatter -- 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 -- Index

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

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.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)