Video: How fragile is the global financial system?
“We have very weak and ineffective regulations that are not getting the system to behave normally. When we had the internet bubble burst you didn’t see the whole world collapse, and there was more paper lost than there was in the housing correction in the US. And yet, because there was so much debt in the system, it created so much harm.”
In this World Economic Forum video, Anat Admati, George G. C. Parker Professor of Finance and Economics at Stanford Graduate School of Business, asks – how robust is the current global financial system?
To watch the full video click on the player above.
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Author: Anat Admati, George G. C. Parker Professor of Finance and Economics at Stanford Graduate School of Business
Image: An investor looks at an electronic board showing stock information at a brokerage house in Hefe REUTERS/Stringer
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