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Item Details
Title: THE BANKERS' NEW CLOTHES
WHAT'S WRONG WITH BANKING AND WHAT TO DO ABOUT IT
By: Anat R. Admati, Martin Hellwig, Anat R. Admati
Format: Paperback

List price: £15.99


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ISBN 10: 0691162387
ISBN 13: 9780691162386
Publisher: PRINCETON UNIVERSITY PRESS
Pub. date: 21 February, 2014
Edition: Updated edition with a New Preface by the authors
Pages: 424
Description: 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.
Synopsis: 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.
Illustrations: 6 line illus. 4 tables.
Publication: US
Imprint: Princeton University Press
Prizes: Winner of PROSE Award in Business, Finance & Management, Association of Joint winner of Bronze Medal in Economics, Axiom Business Book Awards 2014 Commended for `Moyers & Company' Recommended Books List 2014 Short-listed for "Time" Magazine's 100 Most Influential People for 2014 2014 Short-listed for BloombergBusinessweek Best Books by Jason Furman 2013 Short-listed for "Choice"'s Outstanding Academic Titles for 2013 2013 Short-listed for Wall Street Journal's Best Nonfiction Books 2013 Short-listed for Financial Times Best Economics Books 2013 Short-listed for Deutsche Wirtschaftsbuchpreis (German Business and
Returns: Non-returnable
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