What recent paper did Ricardo Caballero write, and what was its main focus?
Systemic Regulatory Failures
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Business, Social Studies
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University
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Hard
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The video discusses economic theories from the 1920s and 30s by Keynes, Hayek, and Knight, focusing on the lack of structural stability. It then explores global banking regulations, capital adequacy, and the role of the Bank for International Settlements. The video concludes with an analysis of regulatory models and their impact on banking practices, drawing analogies to safety inspections in the automotive industry.
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What externalities are considered when discussing the safety of brakes in vehicles?
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