Globalized Finance and the Crisis of 2008

The video discusses the book 'Money, Finance, and the Real Economy' by Professors Anton Brenda and Florence Pisani. It explores the issues within the global financial system, particularly focusing on the challenges of reforming the European banking system. The discussion highlights the impact of monetary policy on lending practices and debates the merits of a credit-based versus income-based society. The video also examines the paradox of global savings and investment channels, the role of securitization in risk management, and the importance of central banks in maintaining financial stability.

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