Understanding Currency Crises: Causes, Examples, and Solutions
Understanding Currency Crises: Causes, Examples, and Solutions
Aug 7, 2024
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How do we avoid financial crises? It begins by reforming financial regulations. Since the bank runs of the 1930s, the Federal Reserve has assumed a larger and larger role, culminating in its new move to use financial regulation to affect climate change and income and racial equality. But the Fed’s responses have only begotten a cycle of larger and larger crises, each inspiring more bailouts and more regulations. Hoover Institution senior fellow John Cochrane studies the effect of Federal Reserve
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