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The Bankers' New Clothes

What's Wrong with Banking and What to Do about It

The Bankers' New Clothes
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US$ 18.95

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.

Princeton University Press; March 2014
392 pages; ISBN 9781400851195
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ISBNs
1400846560
9780691162386
9781400846566
9781400851195