Russ Roberts

Charles Calomiris Podcast Episodes and Extras

Category Archive with 3 podcast episodes and extras
 

Podcast episode Calomiris and Haber on Fragile by Design

EconTalk Episode with Charles Calomiris and Stephen Haber
Hosted by Russ Roberts

Charles Calomiris of Columbia University and Stephen Haber of Stanford University, co-authors of Fragile by Design: The Political Origins of Banking Crises and Scarce Credit, talk with EconTalk host Russ Roberts about their book. The conversation focuses on how politics and economics interact to give some countries such as Canada a remarkably stable financial system while others such as the United States have a much less stable system. The two authors discuss the political forces that explain the persistence of seemingly bad financial regulation. The conversation includes a discussion of the financial crisis of 2008.

Size:35.3 MB
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Podcast episode Calomiris on Capital Requirements, Leverage, and Financial Regulation

EconTalk Episode with Charles Calomiris
Hosted by Russ Roberts

Charles Calomiris of Columbia University talks with EconTalk host Russ Roberts about corporate debt, capital requirements, and financial regulation. This is an in-depth conversation about how debt works on a firm's balance sheet and the risks that debt vs. equity pose for the survival of the firm. Calomiris applies these insights to financial regulation--how it works in practice and the firm's choices in responding to various interventions including bailouts and capital requirements. The conversation closes with a discussion of some of the government interventions in the financial crisis.

Size: 40.1 MB
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Podcast episode Calomiris on the Financial Crisis

EconTalk Episode with Charles Calomiris
Hosted by Russ Roberts

Charles Calomiris of Columbia Business School talks with EconTalk host Russ Roberts about the financial crisis. Calomiris argues that it is important to put the crisis in historical perspective in the context of other bank crises. He argues that bank crises differ widely across time and place--some times and some places are placid, others are prone to regular crises. Calomiris argues that frequent episodes of failure are tied to government guarantees such as various forms of deposit insurance or similar incentives for risk-taking. Looking at the current crisis, Calomiris indicts "too big to fail," the government's reliance on ratings agencies as a measure of risk, and poor corporate governance as the key causes.

Size: 40.5 MB
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