Globalized Finance and the Crisis of 2008

The video discusses the book 'Money, Finance, and the Real Economy' by Professors Anton Brenda and Florence Pisani. It explores the issues within the global financial system, particularly focusing on the challenges of reforming the European banking system. The discussion highlights the impact of monetary policy on lending practices and debates the merits of a credit-based versus income-based society. The video also examines the paradox of global savings and investment channels, the role of securitization in risk management, and the importance of central banks in maintaining financial stability.

What are the main themes discussed in the book by Professor Anton Brenda and Associate Professor Florence Pisani?

How does the financial system's day-to-day functioning contribute to economic problems?

What is the significance of having a global financial system in today's economy?

What are the implications of having national regulations in a globalized financial world?

In what ways do the lending practices differ between the US and Europe?

How can the structure of the global financial system affect investment opportunities?

What role does household borrowing play in the effectiveness of monetary policy?

What potential solutions are suggested for improving the global financial system?

How does securitization change the dynamics of lending and credit risk assessment?

In what ways can central banks play a role in stabilizing the financial system?