skip to content
The bankers' new clothes : what's wrong with banking and what to do about it Preview this item
ClosePreview this item
Checking...

The bankers' new clothes : what's wrong with banking and what to do about it

Author: Anat R Admati; Martin F Hellwig
Publisher: Princeton ; Oxford : Princeton University Press, ©2013.
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
Summary:
"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.  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Document Type: Book
All Authors / Contributors: Anat R Admati; Martin F Hellwig
ISBN: 9780691156842 0691156840 9780691162386 0691162387
OCLC Number: 812122319
Awards: Commended for Spear's Book Awards: Business Book of the Year 2013.
Shortlisted for Spear's Book Awards: Business Book of the Year 2013.
Description: xv, 398 pages ; 24 cm
Contents: The emperors of banking have no clothes --
How borrowing magnifies risk --
The dark side of borrowing --
Is it really "a wonderful life"? --
Banking dominos --
What can be done? --
Is equity expensive? --
Paid to gamble --
Sweet subsidies --
Must banks borrow so much? --
If not now, when? --
The politics of banking --
Other people's money.
Responsibility: Anat Admati and Martin Hellwig.

Abstract:

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. This title examines the narratives used by bankers,  Read more...

Reviews

Editorial reviews

Publisher Synopsis

Anat Admati, One of Time Magazine's 100 Most Influential People for 2014 Winner of the 2013 PROSE Award in Business, Finance & Management, Association of American Publishers Co-Winners of the 2014 Read more...

 
User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.

Similar Items

Related Subjects:(10)

User lists with this item (5)

Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/812122319> # The bankers' new clothes : what's wrong with banking and what to do about it
    a schema:Book, schema:CreativeWork ;
    library:oclcnum "812122319" ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/1170997183#Place/princeton> ; # Princeton
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/nju> ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/1170997183#Place/oxford> ; # Oxford
    schema:about <http://id.worldcat.org/fast/924612> ; # Financial crises--Prevention
    schema:about <http://experiment.worldcat.org/entity/work/data/1170997183#Topic/finanzkrise> ; # Finanzkrise
    schema:about <http://experiment.worldcat.org/entity/work/data/1170997183#Topic/wirtschaftswachstum> ; # Wirtschaftswachstum
    schema:about <http://dewey.info/class/332.1/e23/> ;
    schema:about <http://id.worldcat.org/fast/924661> ; # Financial institutions--Government policy
    schema:about <http://experiment.worldcat.org/entity/work/data/1170997183#Topic/kreditwesen> ; # Kreditwesen
    schema:about <http://experiment.worldcat.org/entity/work/data/1170997183#Topic/financial_crises_prevention> ; # Financial crises--Prevention
    schema:about <http://experiment.worldcat.org/entity/work/data/1170997183#Topic/bankgeschaft> ; # Bankgeschäft
    schema:about <http://id.worldcat.org/fast/826867> ; # Banks and banking
    schema:about <http://experiment.worldcat.org/entity/work/data/1170997183#Topic/bankenaufsicht> ; # Bankenaufsicht
    schema:about <http://experiment.worldcat.org/entity/work/data/1170997183#Topic/regulierung> ; # Regulierung
    schema:about <http://experiment.worldcat.org/entity/work/data/1170997183#Topic/financial_institutions_government_policy> ; # Financial institutions--Government policy
    schema:about <http://experiment.worldcat.org/entity/work/data/1170997183#Topic/bankrecht> ; # Bankrecht
    schema:bookFormat bgn:PrintBook ;
    schema:contributor <http://viaf.org/viaf/79459629> ; # Martin F. Hellwig
    schema:copyrightYear "2013" ;
    schema:creator <http://viaf.org/viaf/39288885> ; # Anat R. Admati
    schema:datePublished "2013" ;
    schema:description ""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"--Provided by publisher."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/1170997183> ;
    schema:inLanguage "en" ;
    schema:name "The bankers' new clothes : what's wrong with banking and what to do about it"@en ;
    schema:productID "812122319" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/812122319#PublicationEvent/princeton_oxford_princeton_university_press_2013> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/1170997183#Agent/princeton_university_press> ; # Princeton University Press
    schema:workExample <http://worldcat.org/isbn/9780691156842> ;
    schema:workExample <http://worldcat.org/isbn/9780691162386> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/812122319> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/1170997183#Agent/princeton_university_press> # Princeton University Press
    a bgn:Agent ;
    schema:name "Princeton University Press" ;
    .

<http://experiment.worldcat.org/entity/work/data/1170997183#Topic/financial_institutions_government_policy> # Financial institutions--Government policy
    a schema:Intangible ;
    schema:hasPart <http://id.loc.gov/authorities/subjects/sh85048306> ;
    schema:name "Financial institutions--Government policy"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/1170997183#Topic/wirtschaftswachstum> # Wirtschaftswachstum
    a schema:Intangible ;
    schema:name "Wirtschaftswachstum"@en ;
    .

<http://id.worldcat.org/fast/826867> # Banks and banking
    a schema:Intangible ;
    schema:name "Banks and banking"@en ;
    .

<http://id.worldcat.org/fast/924612> # Financial crises--Prevention
    a schema:Intangible ;
    schema:name "Financial crises--Prevention"@en ;
    .

<http://id.worldcat.org/fast/924661> # Financial institutions--Government policy
    a schema:Intangible ;
    schema:name "Financial institutions--Government policy"@en ;
    .

<http://viaf.org/viaf/39288885> # Anat R. Admati
    a schema:Person ;
    schema:familyName "Admati" ;
    schema:givenName "Anat R." ;
    schema:name "Anat R. Admati" ;
    .

<http://viaf.org/viaf/79459629> # Martin F. Hellwig
    a schema:Person ;
    schema:familyName "Hellwig" ;
    schema:givenName "Martin F." ;
    schema:name "Martin F. Hellwig" ;
    .

<http://worldcat.org/isbn/9780691162386>
    a schema:ProductModel ;
    schema:bookFormat schema:Paperback ;
    schema:isbn "0691162387" ;
    schema:isbn "9780691162386" ;
    .

<http://www.worldcat.org/title/-/oclc/812122319>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/812122319> ; # The bankers' new clothes : what's wrong with banking and what to do about it
    schema:dateModified "2015-06-08" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.