The Problem With Banks by Timothy J. J. Sinclair

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What is the problem with banks? Why do they seem to be at the centre of economic and financial turmoil down through the ages? The bail outs associated with the US subprime crisis alone may cost as much as $5 trillion. In this timely and provocative book, Rethel and Sinclair examine banking in America, Asia and Europe, and the circumstances that have transformed banks’ attitude to risk. They argue that government, rather than restraining banks, plays a major role in shaping their motivation and behaviour, and they call for wider-ranging regulation. The Problem with Banks is a concise, essential overview of a pressing global issue.

About Timothy J. J. Sinclair

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Lena Rethel is Assistant Professor of International Political Economy at the University of Warwick. Her research focuses on financial system change in Asia, the emergence and challenges of Islamic finance and the relationship of finance, debt and development. Lena has co-edited two collections on the political economy of the subprime crisis that have appeared in New Political Economy and the British Journal of Politics and International Relations and a special issue on global governance in crisis that will appear in Global Society in 2012. Timothy J. Sinclair is Associate Professor of International Political Economy at the University of Warwick. In 2001-2002 he was a visiting scholar at Harvard University. His research is concerned with the politics of global finance and theories of global governance. The paperback edition of his book, The New Masters of Capital: American Bond Rating Agencies and the Politics of Creditworthiness, was published by Cornell University Press in 2008.
Published May 10, 2012 by Zed Books. 160 pages
Genres: Business & Economics, History, Political & Social Sciences, Education & Reference, Travel. Non-fiction

Unrated Critic Reviews for The Problem With Banks

London School of Economics

Government does not just regulate banks, but actually creates or constitutes what banks are and what banks do.” The book is structured in six chapters.

Apr 20 2013 | Read Full Review of The Problem With Banks

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