Governments have tried to hold the financial crisis at bay by bailing out insolvent banks and other firms. The present lecture gives an overview of the main bailout techniques, some of which are currently being applied in the US and the Eurozone. We also question the rationale of bailouts and highlight the market alternative. The lecture is open to all audiences. We presuppose some basic acquaintance with the mechanics of balance sheets.
- Rationale of Bailouts
- Artificial Markets
- Fictional Accounting
- Currency Reforms
This webinar will be from 12:00 pm – 1:30 pm Eastern on July 25. A message with details on joining the session will be sent to enrolled students before the event.