Book & podcast collection

The Bankers' New Clothes: What's Wrong With Banking and What to Do About It

byAnat Admati

Anat Admati and Martin Hellwig challenge the claim that safer banks would constrain lending or damage economic growth. They explain how heavy reliance on borrowed money makes financial institutions fragile, shifts risk to taxpayers, and gives bankers incentives that differ from the public interest. Using clear analogies, the authors dismantle common arguments against stronger equity requirements and expose the politics surrounding bank regulation. This updated critique shows why better-capitalized banks could absorb losses, continue serving customers, and reduce the likelihood and public cost of another financial crisis.

Publisher

Princeton University Press

Publication date

2013

Format

Print edition

Pages

398

ISBN

9780691156842