Description

Banking Solutions provides an in-depth overview and root-cause analysis of the credit crisis. Actual and actionable banking solutions are drawn from this root-cause analysis. Because any root-cause analysis of the credit crisis is heavily interlinked with the political environment, the book focuses first of all on the pros and cons of free markets. The book shows that supervision and regulation are necessary to complement the free market to establish a completely free, innovative and prosperous society with maximum individual freedom. Banking Solutions shows how easy it is for the current world to move out of the turbulence and turn the credit crisis to the good to form a more sustainable political construct.

This book provides both a tangible short-term solution for the credit crisis as well as longer-term structural solutions. With respect to the first, the author shows how the US troubled asset relief program (TARP) could have been executed effectively and would have made the US policy intervention successful. The structural solutions evolve around improved and more pragmatic regulatory policy and are presented in a clear manner. Furthermore, the book shows how a more commercial approach to supervision can better prevent market failures going forward.