Princeton Professor Markus Brunnermeier and Nellie Liang, the former director of the Division of Financial Stability at the Federal Reserve, discuss the legacy of policy reaction to the 2008 global financial crisis and why this crisis is different. What is the limit of Fed intervention? What is the role of the Treasury in emergency liquidity programs? How do new measures to support corporate credit work?
Since the beginning of the Covid-19 pandemic, the Federal Reserve has taken a number of actions to support financial stability. While some recently announced Fed programs and actions were previously deployed during the last financial crisis, others are new in both scale and scope.
On Thursday (March 26), the Bendheim Center for Finance at Princeton University hosted Nellie Liang, former director of the Division of Financial Stability at the Federal Reserve, for a lunchtime seminar to evaluate US financial stabilization measures for Covid-19.
The webinar began with a discussion by Professor Markus Brunnermeier, Director of the Bendheim Center for Finance.
Watch the webinar here:
Also, you can download the full slide deck here:
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