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Discussion — Lecture 21: Shadow Banking, Central Banking, Global Finance
Perry Mehrling's Money and Banking MOOC
Location:
Online
Type:
Other
YSI Presenters
Description
This session covers Lecture 21 Shadow Banking, Central Banking, and Global Finance
Everything in the shadow-banking system is a market price. The lecture emphasizes the central role of derivative dealers and their swap books in the modern market-based credit system.
We examine more of the details of how the shadow banking system collapsed onto the traditional banking system. To prevent this occurrence in the future, it is the derivative dealers who need a backstop.
This lecture is also the foundation for next week's reading, which will explore some of the same questions more deeply.
Hosted by Working Group(s):
Organizers
Attendees
Alex Howlett
Jim Bramlett
alison touhey
Christopher Clacio
Philip Jackson
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