The current regulatory structure for banking services in the United States represents a set of accumulated responses to a history of financial crises, political events, and personalities among a broad array of industry and governmental units. History has shown that banks are not immune even to minute economic shocks. However, regulating the banking system to prevent insolvency is not always ideal.

For more information, visit the PolicyEd page here: https://bit.ly/3zlhehj

This lecture was recorded in the fall of 2019, before the COVID-19 pandemic.

Interested in attending the Hoover Institution Summer Policy Boot Camp? Click here for more information.

Additional resources:

Listen as Amit Seru discusses modern financial intermediation. Available here: https://bit.ly/3gbnAIj

Listen as Amit Seru talks about the growth of shadow banks, the increased regulatory burden faced by traditional banks, and the financial technology adopted by shadow banks. Available here: https://bit.ly/3cx63YQ

Read “Regulation of the Mortgage Market Must Consider Shadow Banks” by Amit Seru. Available here: https://stanford.io/3xf6Cic

Visit https://www.policyed.org to learn more.

- Subscribe to PolicyEd’s YouTube channel: http://bit.ly/PolicyEdSub.
- Follow PolicyEd on Twitter: http://bit.ly/PolicyEdTwit.
- Follow PolicyEd on Instagram: http://bit.ly/PolicyEdInsta.