April 23, 2018

Macro Musings 103: Daniela Gabor on Safe Assets and Shadow Banking

Hosted by David Beckworth of the Mercatus Center, the Macro Musings podcast pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Daniela Gabor is a professor of economics and finance at the University of West England at Bristol and a monetary economist. She specializes in shadow banking, capital markets, and transnational banking. Today, she joins the show to discuss her new paper, Chasing Unicorns: The European Single Safe Asset Project. David and Daniela also discuss merits of equity-based banking, elements of the shadow banking system, and Europe’s quest for a safe asset.