Summers Says the Financial System Is Still at Risk

The video discusses the evolution of asset management, highlighting the risks associated with non-banks and the shadow banking system. It critiques the current stress tests and regulatory frameworks, emphasizing the need for realistic assessments of bank vulnerabilities. The discussion extends to global financial risks, particularly in Europe and emerging markets, and evaluates the impact of US presidential policies on economic growth.

What lessons can be learned from the regulatory responses to the financial crisis?

What are the implications of European banks selling at half of their book value?

What factors contribute to the risks in emerging markets like Argentina and Turkey?

How do the debt ratios in China compare to its GDP growth?