Description
Jean-Charles Rochet is one of the dedicated 'audacious pioneers' who have attempted to dissect with rigor, precision, and creativity some of the most elusive issues of financial (in)stability. It is pleasing to see his work presented in a unified, clear, and well-written form. A testament to his formidable contributions and remarkable insights, this book will guide researchers and students, as well as practitioners, into the future. -- Dimitrios P. Tsomocos, Said Business School, University of Oxford Why are there so many banking crises? One answer is that so few economists of Jean-Charles Rochet's caliber have worked on the problem. Combining analytical and technical abilities, institutional knowledge, clear writing, and common sense to an outstanding degree, Rochet has produced a book that will benefit everyone who reads it. -- Charles Goodhart, London School of Economics and Political Science This collection of important papers by Jean-Charles Rochet, one of the leading theoreticians of banking, should generate great interest. -- George Kaufman, Loyola University Chicago
About the Author
Jean-Charles Rochet is professor of mathematics and economics at the University of Toulouse and a visiting professor at the London School of Economics and Political Science. His books include (with Xavier Freixas) "Microeconomics of Banking" and (with Guillaume Plantin) "When Insurers Go Bust" (Princeton).
Reviews
"Among economists' explanations are moral hazard, ill-judged capital adequacy rules and the incompetence of supervisors. Jean-Charles Rochet, a leading authority on banking, argues the real problem lies with politicians who too often insist on rescuing insolvent banks for short-term reasons of their own. [W]hatever the verdict on the policy proposals, the book makes interesting reading in current circumstances."--John Plender, Financial Times "The book provides an excellent introduction to the theory of banking regulation... I can recommend the book to anyone interested in a formal, academic approach to banking regulation. The concise conclusions of the individual articles provide valuable ideas for changes in banking regulation."--Bernd Brommundt, Financial Markets and Portfolio Management
Book Information
ISBN 9780691131467
Author Jean-Charles Rochet
Format Hardback
Page Count 320
Imprint Princeton University Press
Publisher Princeton University Press
Weight(grams) 567g