A fantastic introduction for anyone, regardless of pre-existing level of knowledge, who wants to know about:
- the real causes of the banking crisis,
- why arguments advanced by bankers against tougher regulation are bogus (the bankers' new clothes),
- why regulatory and governmental interventions so far, although a step in the right direction, do not go nearly far enough, and
- what can be done to improve the security of the banking system (and thus help to protect society from future crises), while not affecting banks' abilities to deliver all the serices to society that they do now.
This book should be compulsory reading for policy-makers, regulators,… Read more