Id: 159
Title: The Bankers' New Clothes
Title sort: Bankers' New Clothes, The
Yet Another LTC: Yes - it's yet another long text column
Authors:
Anat AdmatiMartin Hellwig
Author sort: Admati, Anat & Hellwig, Martin
Author No Link: Anat Admati & Martin Hellwig
Links: Self NSW Respiratory Surveillance Report - week ending 05 November 2022 - NSW Health Book Details Show Book View PDF popup Attachments
Location: MR Home Page Some book or other Text file test Onenote Test View Book CS Books
Virtual Libraries Vanilla: EPUBS, Has Cover, Has Location, Has Publisher
Virtual Libraries Taglike: EPUBS, Has Cover, Has Location, Has Publisher
Date: 08 Dec 2012
Folders: Book files, Data files
Formats:
DOCXEPUBPDF
IDs: 9780691156842Amazon.comGoogle
Series: I of Hello
Tags:
BankingEconomic HistoryEconomicsGFCPolitical Science
Published: Feb 2013
Publisher: Princeton University Press
Admin Tags: add.three
Awards: Miles Franklin
Refer To: some link to book
Rating: ★★★★
uuid: 9f1f4fe3-03fa-4cd1-9a1f-2fb1065a074a
Modified: 09 May 2023
Size: 3.06 MB
Languages: English
Status: Value 3
Words: 173,137
Has Notes: N
ISBN: 9780691156842
Born: 0
Meta Date: 0102 01 01
ePUB Size: 617968
Has Category: False
My Rating: ★★★
Characters: Aaron Hotchner
Relationships: Angela/Jack, Penelope/Derek
I1: -4
I2: 0
Relationships Anded: Angela/Jack & Penelope/Derek
Last Viewed: 2016-10-20 - 18:57:44
DateMonth: Feb 2013
Have Read: Yes
Format Files: DOCX

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My Yes/No: Y
Fred: black
Centre: Yes
SemiTest: val1; val2, val3
File Date: 18 07 2019 07:39:20
Series Sort: Hello
Approx Formats: DOCX,EPUB,PDF
ASIN: 1480577006
Float: 17.32010
Epub Date: 2023-03-08
On Cloud Nine: To Cloud
Partial Date: 2009.11
eSize: 617968
Series Name: Hello
Book #: 159
### Blurb:
What is wrong with today's banking system? 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.
Admati and Hellwig argue we can have a safer and healthier banking system without sacrificing any of the benefits of the system, and at essentially no cost to society. They show that banks are as fragile as they are not because they must be, but because they want to be--and they get away with it. Whereas this situation benefits bankers, it distorts the economy and exposes the public to unnecessary risks. Weak regulation and ineffective enforcement allowed the buildup of risks that ushered in the financial crisis of 2007-2009. Much can be done to create a better system and prevent crises. Yet the lessons from the crisis have not been learned.
Admati and Hellwig 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. "The Bankers' New Clothes" calls for ambitious reform and outlines specific and highly beneficial steps that can be taken immediately.
* * *
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### Notes:
The recent string of bank collapses in the US were at least partly driven by the Federal Reserve Board’s tightening of financial conditions. Now there’s a fear that they could contribute to a broader credit crunch.
The Fed’s twice-yearly financial stability report, released on Monday, warned that ongoing stresses in the banking system could lead to a broader contraction in credit and result in a marked economic slowdown.