Macro Musings with David Beckworth cover image

Manmohan Singh on the Role and Structure of Stablecoins and the Impact of Collateral in the Financial System

Macro Musings with David Beckworth

00:00

The Great Financial Crisis, the Broad Measure of Money

Monmohan: If everyone had pipes in theeds balance sheet, then we would be dealing with this issues. The number of parties that have access to the feds balance sheet has grown. But if you look at him too, it's relatively stable because its back stop is protected. How do you explain those two differences? Why did the effective money supply contract and then grow rapidly? What are your thoughts? Monmohan: It doesn't have a right answer, but i wd look at it from the broader dense when i look at prises.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
 Get the app