{"product_id":"too-big-to-fail-the-hazards-of-bank-bailouts-paperback","title":"Too Big to Fail: The Hazards of Bank Bailouts - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eGary H. Stern\u003c\/b\u003e (Author), \u003cb\u003eRon J. Feldman\u003c\/b\u003e (Author), \u003cb\u003ePaul A. Volcker\u003c\/b\u003e (Foreword by)\u003c\/p\u003e\u003cp\u003e\" \u003c\/p\u003e\u003cp\u003eThe 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.\u003c\/p\u003e \u003cp\u003eGary 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.\u003c\/p\u003e \"\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eGary H. Stern is president and chief executive officer of the Federal Reserve Bank of Minneapolis. Ron Feldman is senior vice president at the Federal Reserve Bank of Minneapolis. Paul A. Volcker was chairman of the Federal Reserve from 1979 to 1987.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 230\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.8 x 8.9 x 5.9 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e March 27, 2009\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":52337648697618,"sku":"9780815703044","price":53.91,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0941\/2211\/5346\/files\/ZXA3WHMxUyttNGQvNGxLMk5qaVY2dz09.webp?v=1780458962","url":"https:\/\/ckbookstore.net\/products\/too-big-to-fail-the-hazards-of-bank-bailouts-paperback","provider":"CK BOOKSTORE","version":"1.0","type":"link"}