Since 2014
The Bankers’ New Clothes – What’s Wrong with Banking and What to Do about It
Journal of Financial Innovation
View Archive Info| Field | Value | |
| Title |
The Bankers’ New Clothes – What’s Wrong with Banking and What to Do about It
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| Creator |
Moreira, Fernando
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| Subject |
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Bankers |
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| Description |
Sometimes inaccurate arguments are repeated so often and with impressive (apparent) authority that most people take them for granted. Anat Admati and Martin Hellwig illustrate one of these situations in their book The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It. By using a pun inspired by the classic tale The Emperor’s New Clothes by Hans Andersen, Admati and Hellwig guide us around the world of the “bankers’ new clothes”, that is, “flawed and misleading claims that are made in discussions about banking regulation” (p. 9). In the tale, everybody initially pretends to see the emperor’s invisible clothes in order not to appear stupid given that the invisible clothes were made by two (allegedly) highly skilled weavers.
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| Publisher |
Instituto Brasileiro de Inovacao Financeira - IBRIF
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| Contributor |
—
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| Date |
2017-05-16
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.ibrif.org/ojs/index.php/jofi/article/view/41
10.15194/jofi_2015.v1.i3.41 |
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| Source |
Journal of Financial Innovation; Vol 1, No 3 (2015)
Journal of Financial Innovation; Vol 1, No 3 (2015) 2359-1005 2359-1005 |
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| Language |
eng
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| Relation |
http://www.ibrif.org/ojs/index.php/jofi/article/view/41/pdf
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| Coverage |
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| Rights |
Copyright (c) 2015 Journal of Financial Innovation
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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