Anat R. Admati Oct 2021 Oxford Review of Economic Policy, 37/4 Debates on capitalism get muddled by blind spots about essential institutions, particularly effective governments and legal systems that enable…
In OECD New Approaches to Economic Challenges: The Financial System, 2020 PDF
Anat R. Admati, Martin F. Hellwig Aug 2019 Working Paper, The debate on banking regulation has been dominated by flawed and misleading claims. The title of our book The Bankers…
Anat R. Admati, Martin F. Hellwig Apr 2019 CIGI Press, We take issue with claims that the funding mix of banks, which makes them fragile and crisisprone, is efficient because…
Jul 2017 Journal of Economic Perspectives, Vol 31, Issue 3, Pages 131-150 Managerial compensation typically relies on financial yardsticks, such as profits, stock prices, and return on equity, to achieve…
Lisa Herzog May 2017 Just Financial Markets? Finance in a Just Society, Oxford University Press The financial system is meant to facilitate efficient allocation of resources, helping people and businesses…
Anat R. Admati Jan 2017 Progress and Confusion: The State of Macroeconomic Policy, Cambridge : MIT Press, 2016, Pages 61-72 The failure of financial regulation can, and did, cause significant…
Anat R. Admati Feb 2016 National Institute Economic Review, Vol 234, Issue 1, Pages R4-R14 Capital regulation is critical to address distortions and externalities from intense conflicts of interest in…
Anat R. Admati Aug 2014 Journal of Legal Studies, Vol 43, Issue 3, Pages s35-s61 Excessive leverage (indebtedness) in banking endangers the public and distorts the economy. Yet current and…
Anat R. Admati, Peter M. Demarzo, Martin Hellwig, Paul Pfleiderer Oct 2013 Working Paper, We examine the pervasive view that "equity is expensive," which leads to claims that high capital…