Explore the complex issue of central bank intervention and its potential impact on asset bubbles in this 56-minute panel discussion from the 2014 London Summit. Delve into the effects of quantitative easing, accommodative monetary policies, and their influence on global economic recovery. Examine concerns about risk generation, capital market bubbles, and the effectiveness of central bank tools. Analyze the implementation of ECB lending programs and their impact on SME credit access. Gain insights from expert panelists as they discuss potential collaborative efforts among central banks, the implications of balance sheet trimming, and rising interest rates on developed economies. Consider the broader economic landscape, including issues like tech bubbles, leverage in private equity, and the challenges facing Europe and the ECB.
Overview
Syllabus
Introduction
Has Central Banks Created an Asset Bubble
Credit Bubble
Monetary Policy
Policy Efficiency
Bretton Woods
Debt to Income
Risk Incentives
Signs of froth
Central banks only change incentives
Fiscal policy paralysis
Low inflation
Macroprudential
Tech Bubble
Low Rates
Europe
ECB
How do you get this right
Orchestra analogy
Europe is a train wreck
How to take the Euro down to parody
The real exchange rate
Leverage in private equity
Deal sizes are smaller
The disconnect between private equity and the market
Taught by
Milken Institute
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Reviews
5.0 rating, based on 1 Class Central review
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really technical, I wish that I knew about some of the most technical concepts they talked about. Central bank balance sheet shrinkage, warranted real risk free rates, inflation rates, real interest rates, interest rate spreads, sovereign credit risk, US corporate credit risk, equilibriums and etc. but, however, it was fun to watch. the billion dollar deals and in the money leveraged deals did make some sense though.
