Banking Crises Unveiled
A discussion reveals the contrasting views on banking crises between historical and modern contexts. The rise in crises today is attributed to increased capital mobility and government interventions, such as implicit subsidies that encourage risk-taking. Insights highlight that while the number of crises has grown, this is partly due to the expansion of banking sectors in previously underdeveloped countries.In this clip
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EconTalk
Carmen Reinhart on Financial Crises
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