Book Review: Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment by Claire A … – USAPP American Politics and Policy (blog)
In Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment, Claire A. Hill and Richard W. Painter provide an account of the changes to banking that encouraged the risk-taking that became a factor in the global financial crisis, and propose a solution: covenant banking. The authors suggestion of binding bankers to contracts that encourage accountability…