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Financial Stability, the Fed, and China, with Hal Scott
Manage episode 403660200 series 3394179
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Jeff Young spoke with Hal Scott, Emeritus Nomura Professor of International Financial Systems at Harvard Law School. Hal is an expert on bank and capital markets regulation, and testified on Feb 15, 2024 before the House Committee on Financial Services on the "lender of last resort" function. We discussed the recent US regional bank failures and their lessons; whether they can happen again; and how the Fed's monetary policy could possibly be affected by financial system issues.
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