CLEAN : Economics Nobel winner says world better prepared for crisis than in 2008

The video discusses the importance of maintaining a healthy banking sector and being prepared for financial crises. It highlights the contributions of economists in the 1980s who developed a coherent theory of banking, providing tools to reduce risks and avoid financial crises. The video emphasizes the need for transparency and measured responses to monetary policy changes, and presents options for regulators to manage risks effectively.

What are the key factors that contribute to the health of the banking sector?

What does the new theory about banks aim to explain?

In what ways can regulators use the findings from the recent research on banking?

What measures can central banks and governments take to mitigate financial crises according to the text?

How did the financial crisis of 2008 differ from the current preparedness of the banking sector?