Admati / Hellwig The Bankers' New Clothes

What's Wrong with Banking and What to Do about It - Updated Edition
Updated Auflage
ISBN: 978-1-4008-5119-5
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 424 Seiten

No detailed description available for "The Bankers' New Clothes".

Autoren/Hrsg.

Admati, Anat

Hellwig, Martin

Weitere Mitwirkende

Admati, Anat

Hellwig, Martin

Fachgebiete

• Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie

Inhaltsverzeichnis

Preface to the Paperback Edition ix
Preface xiii
Acknowledgments xvii
1The Emperors of Banking Have No Clothes 1
PART I Borrowing, Banking, and Risk 15
2How Borrowing Magnifies Risk 17
3The Dark Side of Borrowing 32
4Is It Really "A Wonderful Life"? 46
5Banking Dominos 60
PART II The Case for More Bank Equity 79
6What Can Be Done? 81
7Is Equity Expensive? 100
8Paid to Gamble 115
9Sweet Subsidies 129
10Must Banks Borrow So Much? 148
PART III Moving Forward 167
11If Not Now, When? 169
12The Politics of Banking 192
13Other People’s Money 208
Notes 229
References 337
Index 363

Über Autor(innen)

Anat Admati is a professor at the Stanford Graduate School of Business. She has written for the New York Times and the Financial Times and has been included in Time’s 100 Most Influential People and Foreign Policy’s 100 Leading Global Thinkers. Martin Hellwig is director emeritus at the Max Planck Institute for Research on Collective Goods in Bonn and former chair of the German Monopolies Commission and the Advisory Scientific Committee of the European Systemic Risk Board.