Jacques Polak Research Conference at the IMF
Financial Frictions and Macroeconomic Adjustment
Washington DC, November 5—6, 2009
Session 4: Asset Prices and Crises
Chair: Jan Brockmeijer (Deputy Director, Monetary and Capital Markets Department, IMF)
Viral Acharya (New York University, NBER and CEPR) and Philipp Schnabl (New York University)
Discussant: Adam Ashcraft (Federal Reserve Bank of New York)
Excellent presentation… but this is only a small sliver of the “shadow banking system”… need more light on the shadows that crashed the global financial system… lots of discussion of accounting rules and regulatory arbitrage… the new laws being written by the Congress must address these issues…
Post a Comment