Financial Law and Risk Control
The Bankers' New Clothes: What's Wrong with Banking and What to Do about It
Anat Admati and Martin Hellwig
- Year
- 2013
- Venue
- Princeton University Press
- Level
- Advanced
Summary
Argues for substantially stronger bank equity requirements and challenges common claims that higher equity capital is socially too costly. The book connects bank leverage, fragility, subsidies, risk-taking incentives, and the political economy of financial regulation.
Citation
Anat Admati and Martin Hellwig. "The Bankers' New Clothes: What's Wrong with Banking and What to Do about It." Princeton University Press, 2013.
BibTeX
@book{Admati2013The,
title = {The Bankers' New Clothes: What's Wrong with Banking and What to Do about It},
author = {Anat Admati and Martin Hellwig},
year = {2013},
publisher = {Princeton University Press},
url = {https://press.princeton.edu/books/hardcover/9780691156842/the-bankers-new-clothes}
}