eBook

Balancing the banks

JEAN-CHARLES ROCHET, MATHIAS DEWATRIPONT, JEAN TIROLE

2010

Overview

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 Banksdraws 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 anadaptiveprudential 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 Banksshould be read by anyone concerned with solving the current crisis and preventing another such calamity in the future.

• Publisher: Princeton University Press,Princeton Univ. Press
• Subject: 21st century / Accounting / Asset / Balance sheet / Bank / Bank operations / Bank regulation / Bank run / Bankenkrise / Bankenregulierung / Bankruptcy / Banks & Banking / Banks and banking / Banks and banking -- Government policy / Banks and banking -- State supervision / Basel Accords / Basel I / Basel II / BUSINESS & ECONOMICS / BUSINESS & ECONOMICS / Banks & Banking / BUSINESS & ECONOMICS / Finance / General / Capital adequacy ratio / Capital requirement / Central bank / Citigroup / Commercial bank / Consumer protection / Credit rating / Credit rating agency / Credit risk / Creditor / Crisis management / Debt / Deposit account / Deposit insurance / European Central Bank / Federal Deposit Insurance Corporation / Finance / Financial crises / Financial crises -- History -- 21st century / Financial crisis / Financial innovation / Financial institution / Financial institutions / Financial intermediary / Financial regulation / Financial services / Financial Stability Forum / Finanzkrise / Fiscal policy / Global Financial Crisis, 2008-2009 / Government policy / Hedge fund / History / Institution / Insurance / Interest rate / International cooperation / International Monetary Fund / Investment / Investor / Jean Tirole / Lehman Brothers / Leverage (finance) / Line of credit / Liquidity risk / Long-Term Capital Management / Market discipline / Market liquidity / Maturity Mismatch / Monetary policy / Moral hazard / Payment / Political economy / Probability of default / Provision (accounting) / Recapitalization / Recession / Regulation / Requirement / Risk / Risk management / Securitization / Share price / Shareholder / Solvency / State supervision / Strategic planning / Supervisor / Taxpayer / Too big to fail / Toxic asset / Tranche / Troubled Asset Relief Program / Welt / World economy
• ISBN: 9780691145235, 9780691168197, 0691168199, 0691145237, 1400834643, 9781400834648