The Bankers’ New Clothes, What’s Wrong with Banking and What to Do about It

By M. Dempster. 2015

285 citations recorded by the source corpus.

How researchers see this paper

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Toward a Run-Free Financial System (2014, background): “However, critics such as Admati and Hellwig (2012) point out, why bother?”
The Leverage Ratchet Effect (2017, unknown): “The results complement our earlier paper (Admati et al. 2013), in which we argued that banks will choose socially inefficient levels of leverage because they do not internalize the significant negative external effect of their distress and default.”
Finance and economic growth in OECD and G20 countries (2015, background): “A growing literature documents the large implicit public subsidies that financial institutions receive (Admati and Hellwig, 2013; Schich et al., 2014; Schich and Lindh, 2012; Ueda and Weder di Mauro, 2013).”
Policy Uncertainty in Japan (2017, unknown): “In this and other respects, the pre-crisis regulatory regime set the stage for a major financial crisis (Admati and Hellwig, 2013 and Duffie, 2019) and the ensuing uncertainty.”