Anat Admati

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By Anat Admati,Martin Hellwig
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"More than four years after the financial meltdown devastated the economy, our banking system remains resistant to reform and riddled with risk.  The Bankers' New Clothes  challenges us to question the status quo and to think anew about the transformative changes in banking that are needed to serve the public interest. This work should spur a long-overdue debate on real banking reform." --Phil Angelides, chairman of the Financial Crisis Inquiry Commission "Providing a sound analysis of the role of banking and its regulation in the public interest,  The Bankers' New Clothes  is free of technical jargon and widely accessible to all policymakers and all who are concerned about banking's future, which is virtually everybody. The book's clear exposition conveys a deep understanding of the pervasive place of banking in the economy and stands in opposition to the self-interested forces of obscurity." --Kenneth J. Arrow, Nobel Laureate in Economics " The Bankers' New Clothes  underscores that there is perhaps no reform more important and central to a stable financial system than capping the ability of financial institutions to take excessive risks using other people's money." --Sheila C. Bair, author of  Bull by the Horns  and former chairperson of the U.S. Federal Deposit Insurance Corporation (FDIC)  
Author Anat Admati,Martin Hellwig Binding Paperback