Placeholder text

Go to cart

Too Big to Fail

By Stern, Gary H.

Too Big to Fail

By Stern, Gary H.

0 - Default Title
Description
" 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. 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."
Product details
Binding:
Paperback
Number of Pages:
256
Release Date:
2009-03-27
Publication Date:
2009-03-27
Publisher:
Brookings Institution Press
Languages:
Original: English
ISBN10:
081570304X
ISBN13:
9780815703044
Weight:
421 g
Height:
152 cm
Width:
229 cm
Thickness:
15 cm
Buy on Amazon
Currently sold out