33 min listen
Younger and Menand Explain How We Got the Modern Banking System
FromOdd Lots
ratings:
Length:
67 minutes
Released:
Dec 15, 2022
Format:
Podcast episode
Description
The US financial system today is pretty much taken as a given. We have the Federal Reserve, which sets interest rates and provides various liquidity backstops. We have regulated banks, which lend and create money and have access to the Fed. And we have non-bank financial activity that falls under the nebulous umbrella of "shadow banking." But how did we actually end up with this system? And why did policymakers design it the way they did? On this episode, which was recorded live at Bloomberg's New York office on Nov. 29, we speak with Josh Younger and Lev Menand. They are research partners who have delved into the big questions about the structure of modern banking, the history that has shaped it into what it is today, and what its design actually means for the economy and society.See omnystudio.com/listener for privacy information.
Released:
Dec 15, 2022
Format:
Podcast episode
Titles in the series (100)
Episode 11: How David Bowie Became a Financial Product: Episode 11: How David Bowie Became a Financial Product by Odd Lots