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Why Are there So Many Banking Crises? PDF

323 Pages·2008·1.34 MB·English
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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 )
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Most books are stored in the elastic cloud where traffic is expensive. For this reason, we have a limit on daily download.