Finance

Emil Verner discussed the causes and policy implications of bank failures and how financial crises spur the rise of populism.

"Responsible asset management has developed considerably. However, the exact nature of responsible investors' preferences remains elusive."

Individuals with low financial literacy tend to follow advice without assessing its quality, leaving them vulnerable to unsuitable advice.

Antoinette Schoar says that similar policies implemented in developing countries have resulted in "a collapse of formal credit markets."

"To prevent failures and crises, banks need to be really focused on solvency and capitalization."

Christian Catalini shared that he thinks that tech entrepreneurs are particularly hung up on who Harris would choose for the SEC.

"How much unemployment or slowdown in growth should we be willing to accept to shorten the length of time that inflation is too high?"

"They'll have to go back to making it more symmetric of how they think about both inflation and unemployment."

"The Fed has shown inflation is declining and it can take the labor market into consideration. This is very good news for interest rate cuts."