The Vickers Commission looked into the banking crisis and financial crisis in the UK. It found that bank leverage had exploded after the year 2000. The solution for the last crisis can often contribute to the next one, he says. Regulators will now lean against the bubble if it is fueled by too much debt,. So they now have leverage ratios put into place, macro potential tools.
Since the Wall Street Crash in 1929, financial meltdowns have repeatedly sent shockwaves through our world. From the currency crises of the 1980s and 1990s, to Japan’s housing crash, the dot com boom and bust, the global financial meltdown, the euro crisis and the COVID pandemic. In May 2023, economist Linda Yueh came to Intelligence Squared to tell the stories of these historic events and what we can learn from them. Drawing from her new book The Great Crashes, Yueh warns about where the next crash might come from and shows how to prepare for them and prevent them. Joining her in conversation is politician and author, Jesse Norman.
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