In this webcast, Richard C. Koo discusses the four kinds of banking crises, their different solutions, and what makes a balance sheet recession unique...
Richard C. Koo discusses the four kinds of banking crises, their different solutions, and what makes a balance sheet recession unique, presents an unorthodox prescription for fixing the global economy when conventional tools like monetary policy are ineffective, and explores the benefits of deficit spending and the temptation to end stimulus efforts prematurely and trigger a second (worse) collapse. Please note that text may be difficult to read in this recording. The presentation slides are available for download in the video player.