Edward Kane - Political Economy of Controlling Systemic Risk

The video discusses the political economy of controlling systemic risk, highlighting the challenges in defining and managing systemic risk. It critiques the reliance on taxpayer bailouts and the avoidance of accountability by officials. The speaker argues for a redefinition of systemic risk, emphasizing the need for regulatory reforms and improved transparency. The discussion includes the role of safety nets, incentive conflicts, and the importance of due diligence. Proposals for reform include better training for regulators and enhanced accountability measures.

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