25 February 2015

Regulating Banking and Finance Sectors

  • For the week of March 1, 2015
    Chris Phelan, Chair of the Department of Economics, University of Minnesota, discusses why the banking and finance sectors are different from other parts of the economy

  • Part 1

    Part 1
    (1: 09) Why economists support free markets in some industries but not others; (3:30) The frequency of economic crises; (4:59) The causes and effects of the Great Depression and the regulations that followed; (6:11) Whether lax rules in the finance industry lead to the Great Recession; (8:33) Regulations put in place after Too Big to Fail; (10:30) Other regulations, beyond Dodd-Frank, that could improve the economy

  • Part 2

    Part 2
    (:18) Banking and auto bailouts; (4:36) US banking regulations compared to other countries; (5:57) The continuity of Fed policies; (6:31) Academic theory after the Great Recession; (8:29) The ways in which the economy is predictable; (10:07) Important questions for economic students to think about