Anjan Thakor Knihy

A thoughtful and thought generating overview of what ails the banking sector and a reminder that the purpose of banks is to help create economic growth.

In this insightful book, Thakor and Ramakrishnan explore how moral hazard affects the valuation of assets. They provide a framework for analyzing the impact of moral hazard on asset prices and show how different types of assets are affected in different ways. A must-read for anyone interested in financial economics.