Zombie Banks

Yalman Onaran 지음

Bloomberg Press 2011년 10월 26일 출간

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An in-depth look at the problems surrounding zombie banks and their dangerous effect on the global economy"The title is worthy of a B movie, but it's also apt. Bloomberg News reporter Yalman Onaran, supported by former U.S. Federal Deposit Insurance Corp. chief Sheila Bair - who provides a foreword and numerous interviews - urge that insolvent banks both small and too big to fail be allowed to do precisely that. Reading bank balance sheets is not everyone's idea of a good time. But Mr. Onaran, with support from Ms. Bair, does the chore and explains what it means. Mr. Onaran shows that the process of rescuing dead and dying banks is increasing systemic risk in the global banking system. And that is really more frightening than scream flicks from Tinseltown." -- Financial Post"Yalman Onaran knows of putrid financial institutions, having written about them in his native Turkey so successfully he brought down a few in Istanbul in the late '90's." -- Huffington Post"Do We Love Zombie Banks? The new book by Yalman Onaran of Bloomberg News, Zombie Banks: How Broken Banks and Debtor Nations Are Crippling the Global Economy, is a well-organized and clearly written discussion of the use of leverage to provide growth in many different economies. Onaran has carefully researched the zombie phenomenon and makes some important points in this concise volume about both public policy and the concerns of investors. One of the more interesting early threads in the book is the juxtaposition of the experience of the US in the SL crisis and Japan in the 1980s and 1990s with the US today. Zombie Banks is a good review of the latest thinking about the ebb and flow of the political economy." -- R. Christopher Whalen, author of InflatedZombie banking has become standard operating procedure for big debtor nations. They prop up failing institutions, print

목차

Foreword ixPreface xiCast of Characters xvChapter 1 Zombies in Our Midst 1Chapter 2 Lessons Not Learned 15Chapter 3 Europe&-s Sovereign Blues 23Chapter 4 Germany&-s Untouchable Zombies 35Chapter 5 Ireland&-s Zombies Bring the House Down 51Chapter 6 The Reincarnation of Iceland&-s Banks 67Chapter 7 U.S. Zombies on IV Drip 81Chapter 8 The Fight to Rein in the Banks 97Chapter 9 To Foreclose or Not to Foreclose? 113Chapter 10 Bigger Banks, More Derivatives, Higher Risk 125Chapter 11 Killing Zombies and Preventing Their Return 137Epilogue 149Notes 157About the Author 175Index 177

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저자(글) Yalman Onaran

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Yalman Onaran is a veteran financial reporter at Bloomberg News and has studied bank insolvency for decades. One of the first reporters to break the news of the collapse of Lehman Brothers and Bear Stearns, he also opened the Istanbul bureau of Bloomberg News and exposed thirteen insolvent Turkish banks which the government was allowing to continue to operate. Onaran's work has appeared in the New York Times, Washington Post, Chicago Tribune, Bloomberg, Businessweek, Frankfurter Allgemeine Zeitung, and numerous other news outlets around the world.