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The financial crisis that began in 2007 in the United States swept the world, producing substantial bank failures and forcing unprecedented state aid for the crippled global financial system. Bringing together three leading financial economists to provide an international perspective, Balancing the Banks draws critical lessons from the causes of the crisis and proposes important regulatory reforms, including sound guidelines for the ways in which distressed banks might be dealt with in the future. While some recent policy moves go in the right direction, others, the book argues, are not sufficient to prevent another crisis. The authors show the necessity of an adaptive prudential regulatory system that can better address financial innovation. Stressing the numerous and complex challenges faced by politicians, finance professionals, and regulators, and calling for reinforced international coordination (for example, in the treatment of distressed banks), the authors put forth a number of principles to deal with issues regarding the economic incentives of financial institutions, the impact of economic shocks, and the role of political constraints. Offering a global perspective, Balancing the Banks should be read by anyone concerned with solving the current crisis and preventing another such calamity in the future.

Private finance --- Banks and banking --- Global Financial Crisis, 2008-2009 --- Financial crises --- Government policy --- State supervision --- History --- AA / International- internationaal --- 333.17 --- 333.139.2 --- -Banks and banking --- -Global Financial Crisis, 2008-2009 --- -332.1 --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Crises --- Business cycles --- Global Economic Crisis, 2008-2009 --- Subprime Mortgage Crisis, 2008-2009 --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Finance --- Financial institutions --- Money --- Crises, saneringen en hervormingen van het bankwezen. --- Bankcontrole en -reglementering. Reglementering van het bankberoep. --- Global Financial Crisis, 2008-2009. --- Government policy. --- State supervision. --- -AA / International- internationaal --- -Private finance --- 332.1 --- Bankcontrole en -reglementering. Reglementering van het bankberoep --- Crises, saneringen en hervormingen van het bankwezen --- E-books --- Basel Accords. --- G20 countries. --- banking industry. --- banking regulation. --- banking sector. --- capital requirements. --- credit-rating agency. --- distressed banks. --- economy. --- financial crises. --- financial crisis. --- financial industry. --- financial innovation. --- financial institution. --- financial policy. --- financial regulation. --- financial system reform. --- global finance. --- international cooperation. --- international financial regime. --- prudential regulation. --- real estate lending. --- regulatory reform. --- state aid. --- subsidies. --- Banks and banking - Government policy --- Banks and banking - State supervision --- Financial crises - History - 21st century