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To break free of some banking taboos
on 2 June 2013
The editor must have persuaded the authors to write for a five year old with an absorbing interest in finance, a wholly imaginary character. As a result, the first sixty pages are taxing to the reader's patience. However, once the authors get down to business and drop the pretence of guiding the five-year-old through the intricacies of banking, the book becomes interesting, Of course, both authors are extremely knowledgeable professionals. Both have come out strongly against banks' reluctance to increase capital, and have made their arguments known. The book restates them in very readable form. I would think this should be of interest to economists and economics teachers, perhaps even to economics students.