In 2014 Admati, a professor of economics at Stanford University, produced The Bankers’ New Clothes, a wake-up call for the financial industry all over the world. Her thesis is that banks take unwarranted risks because they are gambling with other people’s money and not their own. She argues that reform of the banking system is desperately needed. “Is this complicated, risky system the best we can have?” she asks.
Anat Admati’s Twitter
Anat Admati profile at Stanford
When She Talks, Banks Shudder Binyamin Appelbaum profiles Admati’s troubled relationship with banks.
Why bankers are intellectually naked Martin Wolf reviews Admati’s 2013 book ‘The Banker’s New Clothes’.