Episode Details

Emil Verner is an associate professor of finance at MIT Sloan and is a research fellow at the National Bureau of Economic Research. Emil has written widely on financial stability, banking panics, and credit booms, and he joins David on Macro Musings to talk about these issues. Specifically, David and Emil also discuss the causes and policy implications of bank failures, the shortcomings of the Diamond-Dybvig model of bank runs, how financial crises spur the rise of populism, and much more.

Transcript for this week's episode.

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Related Links:

*Failing Banks* by Sergio Correia, Stephan Luck, and Emil Verner

*Banking Crises Without Panics* by Matthew Baron, Emil Verner, and Wei Xiong

*Financial Crisis, Creditor-Debor Conflict, and Populism* by Gyozo Gyongyosi and Emil Verner