Credit Booms & Credit Busts

The video discusses the financial crisis of 2008, focusing on macroprudential regulation and its systemic approach. It explores the roles of monetary and fiscal policies in financial cycles, highlighting the limitations of relying solely on macroprudential measures. The discussion extends to fiscal policy during financial booms, using Spain and Ireland as examples. The video concludes with an analysis of quantitative easing and its implications for financial stability.

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