Podcasts about admati

Our guest today is Anat Admati, professor of Finance and Economics at Stanford Graduate School of Business and co-author of The Bankers' New Clothes. In this episode, she takes a critical look at trust in powerful institutions—arguing that, when misplaced, trust can be not only naive but dangerous. Anat explains that much of the financial system operates on the illusion of oversight and accountability. While many believe that governments, regulators, and boards are safeguarding the public interest, the reality is often one of regulatory capture, corporate self-interest, and systemic opacity. She challenges listeners to rethink assumptions about “checks and balances” in modern capitalism. She also reflects on the role of academics and public intellectuals in holding power to account. While research often stays behind paywalls or within elite circles, Admati calls on scholars to engage more directly with public discourse—and describes the resistance they often face when challenging the status quo. The conversation covers trust, leadership, corporate governance, and the failures of financial reform. Anat argues that effective change requires more than technical fixes—it requires moral courage, transparency, and a willingness to challenge institutional convenience.

Anat R. Admati is the George G.C. Parker Professor of Finance and Economics at Stanford Graduate School of Business and a senior fellow at Stanford Institute for Economic Policy Research. Her disciplinary interests lie in the interaction of business, law and policy, and specifically governance and accountability mechanisms in the private sector and in government. Admati is also Faculty Director of the Corporations and Society Initiative at the GSB, whose mission is to raise awareness and increase understanding of the complex interactions among people, corporations and governments.Since 2010, Admati has been engaged in the policy debates around the globe related to financial regulations and corporate accountability. Her insights have been featured in media outlets, including the New York Times, Washington Post, Wall Street Journal, Bloomberg, the Financial Times, CNN, and PBS. In 2014, Admati was named by Time Magazine as one of the 100 most influential people in the world and by Foreign Policy Magazine as among 100 global thinkers.Admati has written academic papers on information dissemination in financial markets, portfolio management, financial contracting, corporate governance, and banking. She is the co-author, with Martin Hellwig, of the award-winning and highly acclaimed book, The Bankers' New Clothes: What's Wrong with Banking and What to Do about It (Princeton Press 2013). A 10th anniversary update will be published in 2023.Admati holds BSc from the Hebrew University, MA, MPhil, and PhD from Yale University and an honorary doctorate from University of Zurich. She is a fellow of the Econometric Society, the recipient of multiple fellowships, research grants, and paper recognition, and is a past board member of the American Finance Association. She has served on a number of editorial boards and is a former member of the FDIC's Systemic Resolution Advisory Committee, the CFTC's Market Risk Advisory Committee, and visiting scholar at the International Monetary Fund.Leoš Rousek, the Head Of Corporate Communications at PPF Group (https://www.ppf.eu/en) and contributor of PFI Talks, talked with Anat Admati.

“The ultimate price of a bad system falls on the public,” says Anat Admati, the George G.C. Parker Professor of Finance and Economics at Stanford Graduate School of Business and author of The Bankers' New Clothes. “The Constitution did a lot to constrain the government, but the government has failed to constrain institutions in the private sector.” Simply put, Admati says the real problem isn't just profit-hungry corporations, it's the systems that let bad actors get away with it. From the opioid crisis and Boeing's deadly 737 MAX disasters to the 2008 financial crash, Admati identifies how U.S. institutions failed — and shares the “incredibly sobering” realization that shattered her faith in the rules and those who make them. How do you think we can restore trust in business, government, and society? Email us at ifthenpod@stanford.edu. Related LinksAnat Admati faculty profileThe Bankers' New Clothes: What's Wrong with Banking and What to Do about ItNo Rules, No Trust: How Accountability Shapes CommunicationAre Businesses Undermining Democracy?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dafna Admati and Yarden Tzemach grew up on Kibbutz Be'eri, one of the communities hit hardest in the attacks of October 7: more than 95 community members were murdered and 30 taken hostage.They describe what happened to their beautiful, idyllic kibbutz on that day and over the past year. To learn more about how you can help with the rebuilding efforts, visit:https://www.rebuildbeeri.org/

It's been nearly 16 years since the federal government bailed out Wall Street to the tune of $700 billion in response to the financial crisis that precipitated the Great Recession. The idea that the public must guarantee critical financial institutions that are “too big to fail” was controversial then, but does it still remain an issue? Stanford finance professor Anat Admati, whom the New York Times profiled in an article titled "When She Talks, Banks Shudder," argues it's become worse.Admati joins Bethany and Luigi to discuss the updated edition of her and Martin Hellwig's book, The Bankers' New Clothes: What's Wrong with Banking and What to Do About It. Dissecting new financial developments, including the failure of Silicon Valley Bank, the crypto industry, and shadow banking, Admati lays bare how the current financial system is rigged for the benefit of the few. She also prescribes how we can build and regulate a fairer and more accountable financial system and, thus, a more stable and equitable capitalist economy.Show Notes:Read the 2024 preface of The Bankers' New Clothes on ProMarket.Revisit our 2019 conversation with Anat and Chicago Booth Professor Guy Rolnik, exploring the reasons why market and policy may fail in finance and technology and what we must do to address such failures.Read Anat's contributions to our e-books on George Stigler and Milton Friedman.

Communication is like a game. For it to work, each person has to trust that their partner will play by the rules. As Professor Anat Admati says, the same is true for corporations and their stakeholders.“To have good governance, you need trust and accountability,” says Admati, a professor of finance and economics and the director of the Corporations and Society Initiative. How does a society ensure that markets, businesses, and governments are all on the same page? As Admati says, “We need rules. I can commit to you that I won't harm you because something bad will happen to me if I [do].”In this episode of Think Fast, Talk Smart, Admati joins host Matt Abrahams to discuss how communication forms a bedrock of trust that can align markets, businesses, and governments — for more accountable capitalism and a healthier society.More resourcesFor a full transcript of this episode, visit our the podcast's website.Anat Admati Anat Admati: The Economist Who Said “The Bankers Have No Clothes”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Bloomberg Radio host Barry Ritholtz speaks with Anat Admati, a professor of finance and economics at the Stanford Graduate School of Business. In addition to being a senior fellow at the Stanford Institute for Economic Policy Research and a director at the Corporations and Society Initiative, Admati is co-author of "The Bankers' New Clothes: What's Wrong With Banking and What to Do About It."See omnystudio.com/listener for privacy information.

Chen Admati, Platform General Manager and VP product @ Explorium. Explorium provides an External Data Platform that automatically discovers relevant data signals to improve advanced analytics and accelerate business outcomes. Prior to joining Explorium, Chen was a staff member at Intel's AI internal unit and the founder of Intel® Pharma Analytics Platform. Chen holds a BSc. in Information System Engineering from Ben-Gurion University. Honorably listed in '40 under 40' by Globes magazine in 2018

Anat Admati, professor of finance and economics at Stanford Graduate School of Business, says capital levels for European banks are meaningless with accounting tricks. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Anat Admati, professor of finance and economics at Stanford Graduate School of Business, says capital levels for European banks are meaningless with accounting tricks.

Standford Professor and Author Anat Admati says there are alot of ugly politics in the Eurozone. She speaks with Tom Keene and Michael McKee on Bloomberg Surveillance Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Standford Professor and Author Anat Admati says there are alot of ugly politics in the Eurozone. She speaks with Tom Keene and Michael McKee on Bloomberg Surveillance

Stanford's Anat Admati says it shouldn't be a national objective for U.S. banks to be globally competitive. She joins Tom Keene and Michael McKee on Bloomberg Surveillance. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Stanford's Anat Admati says banks are taking away resources from the rest of the economy. Former SEC Chairman Arthur Levitt discusses the relationship between state and federal regulators in the pursuit of rule-breaking banks. Bloomberg Markets' Joe Weisenthal reacts to the market open. And Bloomberg's Peter Elliot explains why restaurant landlords aren't in a rush to fill empty premises. All this and more on Bloomberg Surveillance with Tom Keene and Michael McKee. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Stanford's Anat Admati says it shouldn't be a national objective for U.S. banks to be globally competitive. She joins Tom Keene and Michael McKee on Bloomberg Surveillance.

Stanford's Anat Admati says banks are taking away resources from the rest of the economy. Former SEC Chairman Arthur Levitt discusses the relationship between state and federal regulators in the pursuit of rule-breaking banks. Bloomberg Markets' Joe Weisenthal reacts to the market open. And Bloomberg's Peter Elliot explains why restaurant landlords aren't in a rush to fill empty premises. All this and more on Bloomberg Surveillance with Tom Keene and Michael McKee.

Admati and Weinberg, back to back, relay from Bloomberg

Izzy Kaminska and David Keohane talk to Anat Admati and Frances Coppola about banking fragility, capital requirements, and banks crying wolf. See acast.com/privacy for privacy and opt-out information.

Anat Admati of Stanford University talks with EconTalk host Russ Roberts about her new book (co-authored with Martin Hellwig), The Bankers' New Clothes. Admati argues that the best way to reduce the fragility of the banking system is to increase capital requirements--that is, require banks to finance their activities with a greater proportion of equity rather than debt. She explains how debt magnifies returns and losses while making each bank more fragile. Despite claims to the contrary, she argues that the costs of reducing debt are relatively small for society as a whole while the benefits are substantial.

Anat Admati of Stanford University talks with EconTalk host Russ Roberts about her new book (co-authored with Martin Hellwig), The Bankers' New Clothes. Admati argues that the best way to reduce the fragility of the banking system is to increase capital requirements--that is, require banks to finance their activities with a greater proportion of equity rather than debt. She explains how debt magnifies returns and losses while making each bank more fragile. Despite claims to the contrary, she argues that the costs of reducing debt are relatively small for society as a whole while the benefits are substantial.

Anat Admati of Stanford University talks with EconTalk host Russ Roberts about her new book (co-authored with Martin Hellwig), The Bankers' New Clothes. Admati argues that the best way to reduce the fragility of the banking system is to increase capital requirements--that is, require banks to finance their activities with a greater proportion of equity rather than debt. She explains how debt magnifies returns and losses while making each bank more fragile. Despite claims to the contrary, she argues that the costs of reducing debt are relatively small for society as a whole while the benefits are substantial.

Anat Admati of Stanford University talks with EconTalk host Russ Roberts about her new book (co-authored with Martin Hellwig), The Bankers' New Clothes. Admati argues that the best way to reduce the fragility of the banking system is to increase capital requirements--that is, require banks to finance their activities with a greater proportion of equity rather than debt. She explains how debt magnifies returns and losses while making each bank more fragile. Despite claims to the contrary, she argues that the costs of reducing debt are relatively small for society as a whole while the benefits are substantial.

Anat Admati of Stanford University talks with EconTalk host Russ Roberts about ways to make the financial system more stable. In particular, Admati explores the implications of higher capital requirements. She argues that current policies subsidize leverage--high levels of debt relative to equity--and that current levels of leverage increase the vulnerability of the system to swings in asset prices. She then gives her response to criticisms of higher equity levels. The conversation concludes with a discussion of the role of academic economists and finance professors as advocates for various policies.

Anat Admati of Stanford University talks with EconTalk host Russ Roberts about ways to make the financial system more stable. In particular, Admati explores the implications of higher capital requirements. She argues that current policies subsidize leverage--high levels of debt relative to equity--and that current levels of leverage increase the vulnerability of the system to swings in asset prices. She then gives her response to criticisms of higher equity levels. The conversation concludes with a discussion of the role of academic economists and finance professors as advocates for various policies.

Anat Admati of Stanford University talks with EconTalk host Russ Roberts about ways to make the financial system more stable. In particular, Admati explores the implications of higher capital requirements. She argues that current policies subsidize leverage--high levels of debt relative to equity--and that current levels of leverage increase the vulnerability of the system to swings in asset prices. She then gives her response to criticisms of higher equity levels. The conversation concludes with a discussion of the role of academic economists and finance professors as advocates for various policies.