Rising Interest Rates & Financial Cracks | Markus' Academy | Ep. 103

August 1 · 1 hr 8 min · 65.4 MB

0:00-1:08:11

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Follow the link for the full summary:

https://markusacademy.substack.com/p/rising-interest-rates-and-financial

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https://markusacademy.substack.com/

On October 13, 2022, Anil Kashyap joined Markus’ Academy. Anil Kashyap is the Stevens Distinguished Service Professor of Economics and Finance at the University of Chicago Booth School of Business. He previously was an economist for the Board of Governors for the Federal Reserve System.

Timestamps:[0:00] Markus’ introduction[4:47] Events driving the gilts market[13:39] Lender vs. Market Maker of Last Resort[19:56] LDIs[24:40] Run on non-bank institutions[37:48] Inflation, Default risk, Bond-stock correlation[39:45] Spillovers to the global markets?[44:23] Japanese economy[53:05] Quantitative tightening or hiking interest rates?[66:04] A positive ending note