Balancing the banks : global lessons from the financial crisis / Mathias Dewatripont, Jean-Charles Rochet, and Jean Tirole; translated by Keith Tribe.

Format:

Book

Author/Creator:

Dewatripont, M. (Mathias)

Contributor:

Rochet, Jean-Charles.

Tirole, Jean.

Tribe, Keith.

Language:

English

Subjects (All):

Banks and banking--Government policy.

Banks and banking.

Banks and banking--State supervision.

Global Financial Crisis, 2008-2009.

Financial crises--History--21st century.

Financial crises.

Physical Description:

1 online resource (149 p.)

Edition:

Course Book

Place of Publication:

Princeton : Princeton University Press, c2010.

Language Note:

English

Summary:

The financial crisis that began in 2007 in the United States swept the world, producing substantial bank failures and forcing unprecedented state aid for the crippled global financial system. Bringing together three leading financial economists to provide an international perspective, Balancing the Banks draws critical lessons from the causes of the crisis and proposes important regulatory reforms, including sound guidelines for the ways in which distressed banks might be dealt with in the future. While some recent policy moves go in the right direction, others, the book argues, are not sufficient to prevent another crisis. The authors show the necessity of an adaptive prudential regulatory system that can better address financial innovation. Stressing the numerous and complex challenges faced by politicians, finance professionals, and regulators, and calling for reinforced international coordination (for example, in the treatment of distressed banks), the authors put forth a number of principles to deal with issues regarding the economic incentives of financial institutions, the impact of economic shocks, and the role of political constraints. Offering a global perspective, Balancing the Banks should be read by anyone concerned with solving the current crisis and preventing another such calamity in the future.

Contents:

Frontmatter

Contents

Acknowledgments

CHAPTER 1 Introduction / Dewatripont, Mathias / Rochet, Jean-Charles / Tirole, Jean

CHAPTER 2 Lessons from the Crisis / Tirole, Jean

CHAPTER 3. The Future of Banking Regulation / Rochet, Jean-Charles

CHAPTER 4. The Treatment of Distressed Banks / Dewatripont, Mathias / Rochet, Jean-Charles

References

Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786612569135

9781282569133

1282569139

9781400834648

1400834643

OCLC:

642206030