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Lädt ... The Bankers' New Clothes: What's Wrong with Banking and What to Do about Itvon Anat Admati
Rethinking Money (16) False prophets (4) Lädt ...
Melde dich bei LibraryThing an um herauszufinden, ob du dieses Buch mögen würdest. Keine aktuelle Diskussion zu diesem Buch. A good introduction to how modern banking works, and the author makes a powerful case for requiring banks to hold more equity. She also dispels many of the myths bankers try to sell the public and politicians (hence the "new clothes"). Even though it provides a primer on banking, it did get over my head at times, and was very repetitive in the second half of the book - constantly referring to the first half. Overall, good though. ( ) In short: - The Bankers' New Clothes is a useful book in that it makes clearly the case for higher equity requirements for banks. This does seem a much more sensible path than separating ill-defined activities. - The book does however fail to account for the difference between US and EU financial systems. As a consequence, significant costs of higher equity requirements are overlooked. The criticism of risk-weighted assets is unconvincing. As a result, I do recommend writing this. But I also recommend to keep in mind that the author are less knowledgeable about the inner functions of the banking system and less clear-eyed than they think they are. For an European, the US centrism and EU-bashing gets irritating after a while. Full review: http://bs-initiative.org/index.php/documents-de-travail/item/130-reaction-to-%E2... Zeige 4 von 4 keine Rezensionen | Rezension hinzufügen
Auszeichnungen
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. Keine Bibliotheksbeschreibungen gefunden. |
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Google Books — Lädt ... GenresMelvil Decimal System (DDC)332.1Social sciences Economics Finance BankingKlassifikation der Library of Congress [LCC] (USA)BewertungDurchschnitt:
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