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They manage risk, monitor borrowers, create trust, are providers of information, and facilitate innovation. And yet notwithstanding these essential purposes, the reputation of banks has suffered tremendously in the wake of crises that have harmed the financial sector, the real economy, and many people.  The reason, Thakor argues, is that banks have lost sight of their higher purpose, which is tied to their role as safe-keepers of assets and creators of value. These essential economic functions should drive banks' culture, capital structure, and customer relationships. Credit ratings cannot replace relationships, leverage is no substitute for judgment, and the pursuit of profit should not come at the expense of prudence. 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His fresh look at what makes companies work shows managers how they can identify the factors that create value and use them to benefit their organizations and their own careers.","brand":"WoB","offers":[{"title":"GB \/ GOOD \/ INTERNAL","offer_id":49905542988049,"sku":"GOR013810917","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49923436544273,"sku":"GOR013814721","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ GOOD \/ SBYB","offer_id":49955694117137,"sku":"CIN0787953083G","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ WELL_READ \/ SBYB","offer_id":50326756524305,"sku":"CIN0787953083A","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0787953083.jpg?v=1751232950"},{"product_id":"four-colors-of-business-growth-book-anjan-v-thakor-9780123852397","title":"The Four Colors of Business Growth","description":"Defining an organization by its growth strategy enables business leaders to make better decisions about the ways their companies compete. 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This volume presents review articles on six major topics that are connected by information-theoretic tools and characterized by valuable perspectives and important questions for future research. Touching upon a wide range of issues pertaining to the designs of securities, institutions, trading mechanisms and markets, industry structure, and regulation, this volume will encourage bold new efforts to shape financial intermediaries in the future.","brand":"WoB","offers":[{"title":"- \/ - \/ INTERNAL","offer_id":52483781624081,"sku":null,"price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52483783164177,"sku":"NLS9780444515582","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780444515582.jpg?v=1759855261"}],"url":"https:\/\/www.worldofbooks.com\/collections\/author-books-by-anjan-v-thakor.oembed","provider":"World of Books ","version":"1.0","type":"link"}