Too Big to Fail
The Hazards of Bank Bailouts
Normal Price: $70.00
Your Price: $63.00 AUD, inc. GST
Shipping: $7.95 per order
You Save: $7.00! (10% off normal price)
Plus...earn $3.15 in Boomerang Bucks
Availability: Available to Backorder, No Due Date for Supply
Too Big to Fail by Gary H. Stern
Book DescriptionThe potential failure of a large bank presents vexing questions for policymakers. It poses significant risks to other financial institutions, to the financial system as a whole, and possibly to the economic and social order. Because of such fears, policymakers in many countries --developed and less developed, democratic and autocratic --respond by protecting bank creditors from all or some of the losses they otherwise would face. Failing banks are labeled "too big to fail" (or TBTF). This important new book examines the issues surrounding TBTF, explaining why it is a problem and discussing ways of dealing with it more effectively. Gary Stern and Ron Feldman, officers with the Federal Reserve, warn that not enough has been done to reduce creditors' expectations of TBTF protection. Many of the existing pledges and policies meant to convince creditors that they will bear market losses when large banks fail are not credible, resulting in significant net costs to the economy. The authors recommend that policymakers enact a series of reforms to reduce expectations of bailouts when large banks fail.
Buy Too Big to Fail book by Gary H. Stern from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9780815781523
(229mm x 152mm x 23mm)
Imprint: Brookings Institution
Publisher: Brookings Institution
Publish Date: 1-Nov-2003
Country of Publication: United States
Books By Author Gary H. Stern
Too Big to Fail, Paperback (March 2009)» View all books by Gary H. Stern
The potential failure of a large bank presents vexing questions for policymakers. It poses significant risks to other financial institutions, to the financial system as a whole, and possibly to the economic and social order.
» Have you read this book? We'd like to know what you think about it - write a review about Too Big to Fail book by Gary H. Stern and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Author Biography - Gary H. Stern
Gary H. Stern is president and chief executive officer of the Federal Reserve Bank of Minneapolis, Minnesota, USA. Ron Feldman is senior vice president at the Federal Reserve Bank of Minneapolis, USA. Paul A. Volcker was chairman of the Federal Reserve from 1979 to 1987.
Phone: 1300 36 33 32 (9am-5pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2017. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687