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Charles Calomiris of Columbia University talks with EconTalk host Russ Roberts about corporate debt, capital requirements, and financial regulation. This is an in-depth conversation about how debt works on a firm's balance sheet and the risks that debt vs. equity pose for the survival of the firm. Calomiris applies these insights to financial regulation--how it works in practice and the firm's choices in responding to various interventions including bailouts and capital requirements. The
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conversation closes with a discussion of some of the government interventions in the financial crisis.
9 years ago
#bailouts, #balance sheets, #charles calomiris, #corporate debt, #econlib, #economics, #equity, #financial crisis
