Guardians of Finance: Making Regulators Work for Us by James R. Barth, Gerard Caprio Jr. and Ross Levine
Published By: Cambridge and London: MIT Press ISBN: 978-0-262-01739-8 Date of Publication: 2012
Book Review Detail
Edwin M. Truman of Peterson Institute for International Economics
Review DOI: 10.1257/jel.50.4.1106.r4 Review Pages: 1115-17
Book Review Abstract
Edwin M. Truman of Peterson Institute for International Economics reviews, "Guardians of Finance: Making Regulators Work for Us" by James R. Barth, Gerard Caprio and Ross Levine. The JEL annotation of this book begins: "Explores the role played by the major financial regulatory institutions in aiding and abetting the global financial crisis. Discusses whether regulating finance is hard to do; incentives running amok; how U.S. regulators encouraged the financial crisis; whether an American crisis is necessarily so; having been down this road many times before; more of the same-post-2007-09 financial crisis regulation; and making the guardians of finance work for us. Barth is Lowder Eminent Scholar in Finance at Auburn University and Senior Finance Fellow at the Milken Institute. Caprio is William Brough Professor of Economics at Williams College and Chair of the Center for Development Economics. Levine is James and Merryl Tisch Professor of Economics at Brown University and Director of the William R. Rhodes Center for International Economics and Finance. Glossary; index."