Balancing the Banks

Global Lessons from the Financial Crisis

By: Mathias Dewatripont, Jean-Charles Rochet, Jean Tirole, Keith Tribe (Translator)

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Hardcover | 19 July 2010

At a Glance

Hardcover
152 Pages

Dimensions(cm)
21.5 x 13.9 x 1.91

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Published: 30th November 2015

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An international perspective on the financial crisis and the future of banking regulation

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.

Industry Reviews

"This compact but powerful book by three internationally recognized European economists is well worth reading. The authors offer a thoughtful review of the current global financial crisis and a number of considered recommendations for ameliorating the next and inevitable one."--Choice "Balancing the Banks, by three French economists, focuses on what went wrong with financial regulation and how it can be strengthened. It offers an excellent appreciation of the intrinsic dilemmas involved in regulating financial institutions, along with an explanation of why regulation is necessary, and addresses, among other topics, how to deal with distressed banks. The book provides a useful non-American view of the financial system, with lessons from practices in European countries."--Foreign Affairs

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You Can Find This Book In

Non-Fiction Economics Economic History Accounting & Finance Finance Banking Economic & Financial Crises & Disasters International Economics International Finance

Acknowledgments	p. vii
Introduction	p. 1
Regulation in a Historical Perspective	p. 1
To Regulate or Not to Regulate?	p. 3
The Challenges Facing Prudential Regulation	p. 6
Building an Adaptive Regulatory System in a Global World	p. 7
Keeping a Balance	p. 8
Lessons from the Crisis	p. 10
What Happened?	p. 11
How Should the Financial System Be Reformed?	p. 47
The Future of Banking Regulation	p. 78
The Basel Accords	p. 78
The Breakdown of the Basel Prudential Regime	p. 86
The Necessary Reforms	p. 100
The Treatment of Distressed Banks	p. 107
Reforming Prudential Policy for Distressed Banks	p. 110
Macroeconomic and Systemic Considerations	p. 118
International Cooperation	p. 122
References	p. 131
Index	p. 137
Table of Contents provided by Ingram. All Rights Reserved.

Balancing the Banks

Global Lessons from the Financial Crisis

At a Glance

New Edition

Hardcover

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

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