The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It - New and Expanded Edition

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Description

A Wall Street Journal, Financial Times, and Bloomberg Businessweek Book of the Year

Why our banking system is broken—and what we must do to fix it


New bank failures have been a rude awakening for everyone who believed that the banking industry was reformed after the Global Financial Crisis—and that we’d never again have to choose between massive bailouts and financial havoc. The Bankers’ New Clothes uncovers just how little things have changed—and why banks are still so dangerous. Writing in clear language that anyone can understand, Anat Admati and Martin Hellwig debunk the false and misleading claims of bankers, regulators, politicians, academics, and others who oppose effective reform, and they explain how the banking system can be made safer and healthier. Thoroughly updated for a world where bank failures have made a dramatic return, this acclaimed and important book now features a new preface and four new chapters that expose the shortcomings of current policies and reveal how the dominance of banking even presents dangers to the rule of law and democracy itself.

Product Details

Price
£16.99
Publisher
Princeton University Press
Publish Date
Language
English
Type
Paperback
EAN/UPC
9780691251707

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