Journal of Economic Literature - Book Review

Balancing the Banks: Global Lessons from the Financial Crisis by Mathias Dewatripont, Jean-Charles Rochet and Jean Tirole

Published By: Translated by Keith Tribe. Princeton and Oxford: Princeton University Press
ISBN: 978-0-691-14523-5
Date of Publication: 2010

Matthew Richardson of New York University Stern School of Business reviews "Balancing the Banks: Global Lessons from the Financial Crisis" by Mathias Dewatripont, Jean-Charles Rochet, and Jean Tirole. The EconLit abstract of the reviewed work begins, "Three previously published papers explore what happened in the recent financial crisis and consider the lessons to be learned in order to avoid a repetition of the large-scale meltdown of financial markets, industrial recession, and public deficits. Papers discuss lessons from the crisis (Jean Tirole); the future of banking regulation (Jean-Charles Rochet); and the treatment of distressed banks (Mathias Dewatripont and Rochet). Dewatripoint is Professor of Economics at the Free University of Brussels, Annual Visiting Professor of Economics at the Massachusetts Institute of Technology, and Research Director of the Center for Economic Policy and Research. Rochet is Professor of Economics at the University of Toulouse I. Tirole is Chairman of the Foundation Jean-Jacques Laffont at the Toulouse School of Economics, Scientific Director of Toulouse's Industrial Economics Institute, and Annual Visiting Professor of Economics at the Massachusetts Institute of Technology. Index."

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Matthew Richardson of New York University Stern School of Business

E32: Business Fluctuations; Cycles
G01: Financial Crises
G21: Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages; Foreclosures
G28: Financial Institutions and Services: Government Policy and Regulation