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Overview

Many different aspects of financial architecture have been associated with assorted financial stability issues, Allen says. These include the exchange rate system with currency and sovereign debt crises; financial market structures with stock market crashes; and banks versus non-bank intermediaries with non-bank runs. He goes on to chart the literature on financial architecture and offers his own insights into testing for stability.

Ansgar Walther, Allen’s co-author on the paper, then takes the podium to talk about financial architecture in non-bank intermediariesasset managers, in particular.

A session from the 2008 Financial Crisis: A Ten-Year Review conference held on 8-9 November 2018 in New York. 

About the Speaker(s)

Franklin Allen