The current regulatory structure for banking services in the United States represents a set of accumulated responses to a history of financial crises, political events, and personalities among a broad array of industry and governmental units. History has shown that banks are not immune even to minute economic shocks. However, regulating the banking system to prevent insolvency is not always ideal.
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This lecture was recorded in the fall of 2019, before the COVID-19 pandemic.
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Additional resources:
Listen as Amit Seru discusses modern financial intermediation. Available here: bit.ly/3gbnAIj
Listen as Amit Seru talks about the growth of shadow banks, the increased regulatory burden faced by traditional banks, and the financial technology adopted by shadow banks. Available here: bit.ly/3cx63YQ
Read “Regulation of the Mortgage Market Must Consider Shadow Banks” by Amit Seru. Available here: stanford.io/3xf6Cic
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