Philip Dybvig: Nobel Prize Conversations
Nobel Prize Conversations
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The Importance of Banking in the Financial System
In 2008, people realized in a way that they hadn't during the Great Depression of the 1930s. It has actually had quite a profound influence on the way that policymakers view the role of banks. This is quite a change in perspective and it's interesting to listen to Phil Dibbik talk about what the situation was like back in the 1970s when he started to work on financial systems.
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