Markus Brunnermeier Releases "Money and Banking" Video Series
Markus K. Brunnermeier, Edwards S. Sanford Professor of Economics, founding and former director of JRCPP, has released a new video series entitled "Money and Banking." This is a four part series based on Brunnermeier and Sannikov's research papers "The I Theory of Money" and "Redistributive Monetary Policy."
In the series, Brunnermeier addresses important questions such as "What makes an economy vulnerable to a financial crisis?," 'How can a small shock turn into a large scale crisis?," "How to manage a crisis and how to prevent one?", and "Who should be in charge of managing a crisis?" Brunnermeier introduces basic concepts essential to understanding the origins and dynamics of financial crisis. These concepts range from the process of money creation by banks to stability concepts and the "diabolic (doom) loop." In addition, Brunnermeier offers primers on monetary policy and macroprudential policy.
This series is essential viewing for anyone interested in understanding how modern financial economies work and specially for current and future policy makers. Enjoy! Watch Now