Dean Starkman writes” \u00a0Anat Admati, a professor of finance and economics at Stanford\u2019s business school, is an unlikely player in Washington, D.C.\u2019s financial-reform scene.<\/p>\n
The 58-year-old Israeli-born economist arrived at Stanford in 1983 with an interest in mainstream financial issues and a firm belief that markets \u2014 with their unique ability to assign a price to risk and channel capital to its most efficient use \u2014 were a powerful force for good.<\/p>\n
The 2008 financial crisis upended that faith. She turned her gaze to the industry at the center of the crisis: banking.<\/p>\n
Admati made waves on the national financial-reform scene in 2013 with the book \u201cThe Bankers\u2019 New Clothes: What\u2019s Wrong With Banking and What to Do About It,\u201d co-authored with economist and banking expert Martin Hellwig.<\/p>\n
She argues that requiring banks to rely more on shareholders\u2019 money instead of borrowing funds would increase stability, harness market forces to deter risky behavior and lead to a smaller, safer system as banks pulled back on bets that didn\u2019t make financial sense.<\/p>\n
Her arguments have drawn fierce pushback from the banking industry, but got the attention of financial policymakers. \u00a0\u00a0Dean Starkman Interviews Anat Admati<\/strong><\/a><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Dean Starkman writes” \u00a0Anat Admati, a professor of finance and economics at Stanford\u2019s business school, is an unlikely player in Washington, D.C.\u2019s financial-reform scene. The 58-year-old Israeli-born economist arrived at Stanford in 1983 with an interest in mainstream financial issues … Continue reading ![\"Bankers'](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/09\/0222_bookreview_630x420.jpg\")
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