The Myth of Too Big To Fail

by I. Moosa

Overview

The book presents arguments against the taxpayers'-funded bailing out of failed financial institutions, and puts forward suggestions to circumvent the TBTF problem, including some preventive measures. It ultimately argues that a failing financial institution should be allowed to fail without fearing an apocalyptic outcome.

Product Details

ISBN-13:	9781349325672
Publisher:	Palgrave Macmillan UK
Publication date:	01/01/2010
Series:	Palgrave Macmillan Studies in Banking and Financial Institutions
Edition description:	1st ed. 2010
Pages:	223
Product dimensions:	5.51(w) x 8.50(h) x (d)

About the Author

IMAD MOOSA is Professor of Finance at Monash University, Australia. Prior to becoming an academic, he was a professional economist and a financial journalist. Professor Moosa has published ten books and over 160 papers in international journals. He has served in a number of advisory positions, including as an economic advisor to the U.S. Treasury.

Table of Contents

The Doctrine of TBT The History of TBTF and High-Profile Episodes Far too Big and Politically Connected The Obesity of the Financial Sector Worthy of a Bailout: To be or Not to Be Why too Big to Fail is Too Outrageous to Accept Dealing with the Menace of TBTF Forget about Basel II