Adair Turner on Shadow Banking, Emerging Market Debt

The video discusses the evolution of financial risks, focusing on the decline of shadow banking post-2008 and the shift towards capital market credit. It highlights emerging risks, particularly in China and other emerging markets, due to increased leverage and dollar-denominated debt. The discussion includes the potential impact of dollar strength and interest rate changes on these markets, drawing parallels with past financial crises. The video also addresses regulatory challenges and the structure of emerging market debt.

How has the landscape of shadow banking changed since the 2008 crisis?

What are the main concerns regarding emerging market debt as discussed in the text?

What factors contribute to the increasing leverage in the global economy?

What are the potential risks associated with the corporate debt in China?

Discuss the implications of the rising dollar interest rates on emerging markets.

In what ways could fiscal stimulus impact the financial markets according to the discussion?

What advice is suggested for regulators in light of the current debt situation?