{"product_id":"too-big-to-fail-the-hazards-of-bank-bailouts","title":"Too Big to Fail: The Hazards of Bank Bailouts","description":"The potential failure of a large bank presents vexing questions for policymakers. It poses significant risks to other financial institutions, to the financial system as a whole, and possibly to the economic and social order. Because of such fears, policymakers in many countries—developed and less developed, democratic and autocratic—respond by protecting bank creditors from all or some of the losses they otherwise would face. Failing banks are labeled \"\"too big to fail\"\" (or TBTF). This important new book examines the issues surrounding TBTF, explaining why it is a problem and discussing ways of dealing with it more effectively.\nGary Stern and Ron Feldman, officers with the Federal Reserve, warn that not enough has been done to reduce creditors' expectations of TBTF protection. Many of the existing pledges and policies meant to convince creditors that they will bear market losses when large banks fail are not credible, resulting in significant net costs to the economy. The authors recommend that policymakers enact a series of reforms to reduce expectations of bailouts when large banks fail.\u003cbr\u003eASIN: 081570304X\u003cbr\u003eVSKU: BVV.081570304X.G\u003cbr\u003eCondition: Good\u003cbr\u003eAuthor\/Artist:Stern, Gary H.\u003cbr\u003eBinding: Paperback\u003cbr\u003e\u003cb\u003eNote:\u003c\/b\u003e Any images shown are stock photographs and product may differ from what is shown.  \u003cbr\u003e\u003cb\u003eCondition Notes\u003c\/b\u003e: The item shows wear from consistent use, but it remains in good condition and works perfectly. All pages and cover are intact  including the dust cover, if applicable . Spine may show signs of wear. Pages may include limited notes and highlighting. May NOT include discs, access code or other supplemental materials.  \u003cbr\u003e","brand":"Blue Vase Books","offers":[{"title":"Default Title","offer_id":43715279978557,"sku":"BVV.081570304X.G","price":10.47,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0589\/4225\/9261\/files\/081570304X-0.jpg?v=1790293467","url":"https:\/\/www.bluevasebooks.com\/products\/too-big-to-fail-the-hazards-of-bank-bailouts","provider":"Blue Vase Books","version":"1.0","type":"link"}