TY  - BOOK
AU  - Admati,Anat
AU  - Hellwig,Martin
TI  - The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It - New and Expanded Edition 
SN  - 9780691251714
U1  - 332.1 23
PY  - 2023///]
CY  - Princeton, NJ : 
PB  - Princeton University Press, 
KW  - Banks and banking
KW  - Financial crises
KW  - Prevention
KW  - Financial institutions
KW  - Government policy
KW  - BUSINESS & ECONOMICS / Banks & Banking
KW  - bisacsh
N1  - Frontmatter --; Contents --; Preface to the 2024 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 --; PART IV: Undermining Democracy and the Rule of Law --; 14. Too Fragile Still --; 15. Bailouts and Central Banks --; 16. Bailouts Forever --; 17. Above the Law? --; Notes --; References --; Index; restricted access
N2  - A Wall Street Journal, Financial Times, and Bloomberg Businessweek Book of the YearWhy our banking system is broken—and what we must do to fix itNew bank failures have been a rude awakening for everyone who believed that the banking industry was reformed after the Global Financial Crisis—and that we’d never again have to choose between massive bailouts and financial havoc. The Bankers’ New Clothes uncovers just how little things have changed—and why banks are still so dangerous. Writing in clear language that anyone can understand, Anat Admati and Martin Hellwig debunk the false and misleading claims of bankers, regulators, politicians, academics, and others who oppose effective reform, and they explain how the banking system can be made safer and healthier. Thoroughly updated for a world where bank failures have made a dramatic return, this acclaimed and important book now features a new preface and four new chapters that expose the shortcomings of current policies and reveal how the dominance of banking even presents dangers to the rule of law and democracy itself
UR  - https://doi.org/10.1515/9780691251714?locatt=mode:legacy
UR  - https://www.degruyter.com/isbn/9780691251714
UR  - https://www.degruyter.com/document/cover/isbn/9780691251714/original
ER  -