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Too Big to Fail
By:Gary H. Stern,Ron J. Feldman
Published on 2009 by Brookings Inst Press
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.
This Book was ranked at 25 by Google Books for keyword bank.
Book ID of Too Big to Fail's Books is 2fmEAQAACAAJ, Book which was written byGary H. Stern,Ron J. Feldmanhave ETAG "jFzuFyTkfYw"
Book which was published by Brookings Inst Press since 2009 have ISBNs, ISBN 13 Code is 9780815703044 and ISBN 10 Code is 081570304X
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Book which have "230 Pages" is Printed at BOOK under CategoryBusiness and Economics
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