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Published on Feb 13, 2013
Adam S. Posen introduces Anat Admati and Martin Hellwig, authors of the new book, "The Bankers' New Clothes: What's Wrong with Banking and What to Do about It," released at the Peterson Institute on February 11, 2013. Admati and Hellwig discuss whether banking reforms require the sacrifice of lending and economic growth, and they outline an ambitious proposal to shore up financial systems and prevent future financial crisis.