Commercial banks and the financial market crisis of 2007/2008

Charles Wyplosz interviewed by Romesh Vaitilingam, 30 Jun 2008

Charles Wyplosz talks to Romesh Vaitilingam about the freezing of the interbank market as the commercial banks went from high-risk strategies to extreme caution, without taking any responsibility for their crucial role in the operations of the market and the wider economy.

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Topics: Financial markets
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Professor of International Economics, Graduate Institute, Geneva; Director, International Centre for Money and Banking Studies; CEPR Research Fellow