Emil Verner

Emil Verner, an associate professor at MIT Sloan and a research fellow at the National Bureau of Economic Research, dives into the intricate world of banking crises and credit booms. He discusses the historical patterns of bank failures and how solvency issues often precede crises, challenging the traditional narrative of panic-induced bank runs. Verner also links financial turmoil to the rise of populism, particularly in Hungary, showcasing how economic distress reshapes political landscapes. His insights highlight the vital need for robust regulatory frameworks to ensure financial stability.