Balancing the Banks

Global Lessons from the Financial Crisis

Business & Finance, Finance & Investing, Banks & Banking, Finance
Cover of the book Balancing the Banks by Mathias Dewatripont, Jean-Charles Rochet, Jean Tirole, Princeton University Press
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Author: Mathias Dewatripont, Jean-Charles Rochet, Jean Tirole ISBN: 9781400834648
Publisher: Princeton University Press Publication: April 19, 2010
Imprint: Princeton University Press Language: English
Author: Mathias Dewatripont, Jean-Charles Rochet, Jean Tirole
ISBN: 9781400834648
Publisher: Princeton University Press
Publication: April 19, 2010
Imprint: Princeton University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

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