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Why Are There So Many Banking Crises?: The Politics and Policy of Bank Regulation
Jean-Charles Rochet
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Description for Why Are There So Many Banking Crises?: The Politics and Policy of Bank Regulation
Hardback. Almost every country in the world has sophisticated systems to prevent banking crises. Yet, such crises remain common throughout the world. This title examines the causes of banking crises around the world, focusing on the lender of last resort; prudential regulation and the management of risk; and solvency regulations. Num Pages: 320 pages, Illustrations. BIC Classification: KCX; KFFK; KNST. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 229 x 152 x 25. Weight in Grams: 571.
Almost every country in the world has sophisticated systems to prevent banking crises. Yet such crises--and the massive financial and social damage they can cause--remain common throughout the world. Does deposit insurance encourage depositors and bankers to take excessive risks? Are banking regulations poorly designed? Or are banking regulators incompetent? Jean-Charles Rochet, one of the world's leading authorities on banking regulation, argues that the answer in each case is "no." In Why Are There So Many Banking Crises?, he makes the case that, although many banking crises are precipitated by financial deregulation and globalization, political interference often causes--and almost always ... Read more
Almost every country in the world has sophisticated systems to prevent banking crises. Yet such crises--and the massive financial and social damage they can cause--remain common throughout the world. Does deposit insurance encourage depositors and bankers to take excessive risks? Are banking regulations poorly designed? Or are banking regulators incompetent? Jean-Charles Rochet, one of the world's leading authorities on banking regulation, argues that the answer in each case is "no." In Why Are There So Many Banking Crises?, he makes the case that, although many banking crises are precipitated by financial deregulation and globalization, political interference often causes--and almost always ... Read more
Product Details
Format
Hardback
Publication date
2008
Publisher
Princeton University Press United States
Number of pages
320
Condition
New
Number of Pages
320
Place of Publication
New Jersey, United States
ISBN
9780691131467
SKU
V9780691131467
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Jean-Charles Rochet
Jean-Charles Rochet is professor of mathematics and economics at the University of Toulouse and a visiting professor at the London School of Economics and Political Science. His books include (with Xavier Freixas) "Microeconomics of Banking" and (with Guillaume Plantin) "When Insurers Go Bust" (Princeton).
Reviews for Why Are There So Many Banking Crises?: The Politics and Policy of Bank Regulation
"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."
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