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    The Bankers' New Clothes: What's Wrong with Banking and What to Do about It (CD-Audio) By (author) Anat Admati, By (author) Martin Hellwig, Performed by Eva Wilhelm

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    DescriptionWhat 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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  • Full bibliographic data for The Bankers' New Clothes

    The Bankers' New Clothes
    What's Wrong with Banking and What to Do about It
    Authors and contributors
    By (author) Anat Admati, By (author) Martin Hellwig, Performed by Eva Wilhelm
    Physical properties
    Format: CD-Audio
    Width: 140 mm
    Height: 168 mm
    Thickness: 28 mm
    Weight: 227 g
    ISBN 13: 9781480577008
    ISBN 10: 1480577006

    B&T Book Type: NF
    BIC E4L: FIN
    B&T Merchandise Category: AUD
    BIC subject category V2: KFFK
    Nielsen BookScan Product Class 3: S4.9
    BIC subject category V2: KCA
    DC21: 332.1
    B&T General Subject: 180
    LC subject heading:
    BISAC V2.8: BUS004000
    Ingram Subject Code: JB
    Libri: I-JB
    Warengruppen-Systematik des deutschen Buchhandels: 57830
    DC22: 332.1
    BISAC V2.8: BUS069030, POL044000
    LC subject heading: ,
    LC classification: HG1586 .A23 2013B
    Edition statement
    Brilliance Corporation
    Imprint name
    Brilliance Corporation
    Publication date
    17 December 2013