Bankers’ New Clothes, The: What’s Wrong with Banking and What to Do about It – Updated Edition

Anat Admati, Martin Hellwig

Format: Paperback / softback

Publisher: Princeton University Press

Published: 21st Feb '14

£15.99

The past few years have shown that risks in banking can impose significant costs on the economy. This book examines this claim and the narratives used by bankers, politicians, and regulators to rationalize the lack of reform, exposing them as invalid.

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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 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.

Additional information

Weight 0.369 kg
Dimensions 140 × 216 mm
Page Count 424