Why Are there So Many Banking Crises?

✍ Scribed by Rochet J.-C.

• Publisher: Princeton University Press
• Year: 2008
• Tongue: English
• Leaves: 323
• Category: Library

✦ Synopsis

Among economists' explanations are moral hazard, ill-judged capital adequacy rules and the incompetence of supervisors. Jean-Charles Rochet, a leading authority on banking, argues the real problem lies with politicians who too often insist on rescuing insolvent banks for short-term reasons of their own. [W]hatever the verdict on the policy proposals, the book makes interesting reading in current circumstances.(John Plender Financial Times )The book provides an excellent introduction to the theory of banking regulation. . . . I can recommend the book to anyone interested in a formal, academic approach to banking regulation. The concise conclusions of the individual articles provide valuable ideas for changes in banking regulation.(Bernd Brommundt Financial Markets and Portfolio Management )

✦ Subjects

Финансово-экономические дисциплины;Мировая экономика;Международные финансы;