TY - BOOK AU - Dewatripont,Mathias AU - Dewatripont,Mathias AU - Rochet,Jean-Charles AU - Tirole,Jean AU - Tribe,Keith TI - Balancing the Banks: Global Lessons from the Financial Crisis SN - 9780691145235 AV - HG1573 .D49 2017 U1 - 332.1 23 PY - 2010///] CY - Princeton, NJ : PB - Princeton University Press, KW - BUSINESS & KW - ECONOMICS KW - Banks & KW - Banking KW - Banks and banking KW - Government policy KW - State supervision KW - Financial crises KW - History KW - 21st century KW - Global Financial Crisis, 2008-2009 KW - BUSINESS & ECONOMICS / Banks & Banking KW - bisacsh KW - Basel Accords KW - G20 countries KW - banking industry KW - banking regulation KW - banking sector KW - capital requirements KW - credit-rating agency KW - distressed banks KW - economy KW - financial crises KW - financial crisis KW - financial industry KW - financial innovation KW - financial institution KW - financial policy KW - financial regulation KW - financial system reform KW - global finance KW - international cooperation KW - international financial regime KW - prudential regulation KW - real estate lending KW - regulatory reform KW - state aid KW - subsidies N1 - Frontmatter --; Contents --; Acknowledgments --; CHAPTER 1 Introduction --; CHAPTER 2 Lessons from the Crisis --; CHAPTER 3. The Future of Banking Regulation --; CHAPTER 4. The Treatment of Distressed Banks --; References --; Index; restricted access; Issued also in print N2 - The financial crisis that began in 2007 in the United States swept the world, producing substantial bank failures and forcing unprecedented state aid for the crippled global financial system. Bringing together three leading financial economists to provide an international perspective, Balancing the Banks draws critical lessons from the causes of the crisis and proposes important regulatory reforms, including sound guidelines for the ways in which distressed banks might be dealt with in the future. While some recent policy moves go in the right direction, others, the book argues, are not sufficient to prevent another crisis. The authors show the necessity of an adaptive prudential regulatory system that can better address financial innovation. Stressing the numerous and complex challenges faced by politicians, finance professionals, and regulators, and calling for reinforced international coordination (for example, in the treatment of distressed banks), the authors put forth a number of principles to deal with issues regarding the economic incentives of financial institutions, the impact of economic shocks, and the role of political constraints. Offering a global perspective, Balancing the Banks should be read by anyone concerned with solving the current crisis and preventing another such calamity in the future UR - https://doi.org/10.1515/9781400834648?locatt=mode:legacy UR - https://www.degruyter.com/isbn/9781400834648 UR - https://www.degruyter.com/cover/covers/9781400834648.jpg ER -