{"product_id":"balancing-the-banks-mathias-dewatripont-9780691168197","title":"Balancing the Banks: Global Lessons from the Financial Crisis","description":"\u003cp\u003e\u003cb\u003eAn international perspective on the financial crisis and the future of banking regulation\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eThe 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, \u003ci\u003eBalancing the Banks\u003c\/i\u003e 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. \u003cp\u003e\u003c\/p\u003eWhile 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 \u003ci\u003eadaptive\u003c\/i\u003e 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. \u003cp\u003e\u003c\/p\u003eOffering a global perspective, \u003ci\u003eBalancing the Banks\u003c\/i\u003e should be read by anyone concerned with solving the current crisis and preventing another such calamity in the future.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Mathias Dewatripont, Jean-Charles Rochet, Jean Tirole\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0691168199\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780691168197\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Princeton University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/22\/2015\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 152\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.44lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.50h x 5.50w x 0.35d","brand":"Mathias Dewatripont","offers":[{"title":"Paperback","offer_id":45482443407615,"sku":"9780691168197","price":20.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_bc787ca9-1656-4bfb-a826-a1058c27e6ff.jpg?v=1715998549","url":"https:\/\/www.whiterainbookhouse.com\/products\/balancing-the-banks-mathias-dewatripont-9780691168197","provider":"WR Book House","version":"1.0","type":"link"}