عنوان

Zombie banks :

(Number (ISBN

1118094522

(Number (ISBN

9781118094525

Number

dltt

Title Proper

Zombie banks :

General Material Designation

[Book]

Other Title Information

how broken banks and debtor nations are crippling the global economy /

First Statement of Responsibility

Yalman Onaran

Place of Publication, Distribution, etc.

Hoboken, N.J. :

Name of Publisher, Distributor, etc.

Bloomberg Press/Wiley,

Date of Publication, Distribution, etc.

c2012

Specific Material Designation and Extent of Item

xvii, 184 p. :

Other Physical Details

ill. ;

Dimensions

24 cm

Series Title

Bloomberg Press

Text of Note

Includes bibliographical references and index

Text of Note

"An in-depth look at the essential issues surrounding zombie institutions and their effect on the global economy Zombie banking has become standard operating procedure for big debtor nations. They prop up failing institutions, print money, and avoid financial corrections. But in an attempt to prolong the inevitable, bigger problems are created. The approach used now has not, and will not, work. This timely book reveals why. Zombie Banking tells the story of how debtor nations and failing institutions are damaging the long-term prospects of the global economy. Author Yalman Onaran, a veteran Bloomberg News reporter and financial banking sector expert, examines exactly what a zombie bank is and why they are kept alive. He also discusses how they hurt economic recovery and what needs to be done in order to restore stability. Along the way, Onaran takes an honest look at how we arrived at this point and details the harsh realities that must be faced, and the serious steps that must be taken, in order to get things headed in the right direction. Puts insolvent banks and debtor nations in the spotlight and examines how they are crippling the global economy. On the record sources include Paul Volcker, Joseph Stiglitz, Sheila Bair, and many more bank executives, regulators, politicians, and policymakers in the United States and abroad. Takes the complexity of the current situation and translates it in a way that makes it understandable. While the short-term measures taken to stave off depression and rejuvenate economic growth may offer hope, they are unsustainable over the long term. Get a better look at what really lies ahead, and what it will take to improve our economic situation, with this book"--Provided by publisher

Text of Note

"An in-depth look at the essential issues surrounding zombie institutions and their effect on the global economy Zombie banking has become standard operating procedure for big debtor nations. They prop up failing institutions, print money, and avoid financial corrections. But in an attempt to prolong the inevitable, bigger problems are created. The approach used now has not, and will not, work. This timely book reveals why. Zombie Banking tells the story of how debtor nations and failing institutions are damaging the long-term prospects of the global economy. Author Yalman Onaran, a veteran Bloomberg News reporter and financial banking sector expert, examines exactly what a zombie bank is and why they are kept alive. He also discusses how they hurt economic recovery and what needs to be done in order to restore stability. Along the way, Onaran takes an honest look at how we arrived at this point and details the harsh realities that must be faced, and the serious steps that must be taken, in order to get things headed in the right direction. Puts insolvent banks and debtor nations in the spotlight and examines how they are crippling the global economy. On the record sources include Paul Volcker, Joseph Stiglitz, Sheila Bair, and many more bank executives, regulators, politicians, and policymakers in the United States and abroad. Takes the complexity of the current situation and translates it in a way that makes it understandable. While the short-term measures taken to stave off depression and rejuvenate economic growth may offer hope, they are unsustainable over the long term. Get a better look at what really lies ahead, and what it will take to improve our economic situation, with this book"--Provided by publisher

Banks and banking-- History-- 21st century

Debts, External-- History-- 21st century

Economic history-- 21st century

Number

Edition

Class number

Book number

Onaran, Yalman,1969-

Date of Transaction

20120109234812.0

Electronic name

[Book]

Y