Introduction -- Banking risk -- Simulation models -- Real economy, sovereign risk and banking systems linkages …

The past few years have shown that risks in banking can impose significant costs on the economy. Many claim, however …, that a safer banking system would require sacrificing lending and economic growth. The Bankers’ New Clothes examines this … invalid. Anat Admati and Martin Hellwig argue that we can have a safer and healthier banking system without sacrificing any of …