Reflections on bank liquidity/SLR debate or how I recovered from being a skeptic...
Slides from my comments at the Sixth Annual Volatility and Risk Institute conference on financial stability -- afternoon panel on bank liquidity and stress testing
It is always a pleasure to be invited to participate in a discussion on systemic risk and banking. Thank you to Dick Berner and Rob Engle for the invitation to come to NYU.
My slides can be accessed here.
While the banking and Treasury market stability discussions were valuable, I gained the most new insights from the private credit panel.
My summer book suggestion to anyone seeking to understand why financial crises continue to grow in magnitude both in the US and around the world would be:
The Wealth Effect: How the Great Expectations of the Middle Class Have Changed the Politics of Banking Crises: Chwieroth, Jeffrey M., Walter, Andrew: 9781316607787: Amazon.com: Books
Wishing M-FAB subscribers a great weekend!