Books by Mathias Dewatripont, Jean Tirole
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Prudential Regulation of Banks
The 2014 Nobel Laureate in economics is Jean Tirole
(2014-10-13)
He has a 1994 book with Mathias Dewatripont on the prudential regulation of banks and how to apply the proper incentives to make sure banks do not take too much risk at public expense. Obviously this also has since become a much more important topic. How many of you know his 1996 paper with Rochet on “ Interbank Lending and Systemic Risk “? They show the contradictions which can plague a “too big to fail” policy and the attempts of central banks to maintain a “creative ambiguity” about what k...