AIadmin
AIadmin
The Almighty Dollar with Steve Kamin & Mark Sobel
Arc Radio
The Political Economy of Financial Crises
Financial crises remain a recurrent feature of modern economies despite evidence that many are predictable and preventable. This chapter discusses how financial instability often reflects a political equilibrium rather than purely technocratic shortcomings. Contrasting economic and political perspectives on regulation,…
Fabio Natalucci on FICC Focus
This podcast appears courtesy of Bloomberg.
Fabio Natalucci on the Rise and Risks of Private Credit
This podcast appears courtesy of FHN Financial.
Block by Block with Joel Millman
Oil Shocks Raise Recession Odds and Inflation Risks
In less than a month, global oil prices surged past $100 per barrel following U.S. and Israeli strikes against Iran. West Texas Intermediate (WTI), the North American crude benchmark, rose from around $65 and peaked around $116, while Brent, the…
Banking Systems and Crises from Deposit Insurance to Stablecoins
This podcast appears courtesy of the Hoover Institution.
A Theory of Bank Liquidity Requirements
We develop a general equilibrium theory of financial intermediation and its implications for liquidity regulation. The model is built around an agency problem arising from leveraged intermediation: banks finance loan origination with deposits and face moral hazard in risk management,…
The Era of Cheap Risk Has Come to an End
The Iran war underscores an emerging risk for global portfolio investors: with the end of globalization, financial market prices will increasingly be determined by geography, security considerations, and geopolitical alignment. The stability that those rules underpinned for financial markets in…