Articles by Natasha Sarin and Lawrence H. Summers
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Have Big Banks Gotten Safer?
Natasha Sarin and Lawrence H. Summers | Harvard, Brookings Institution – TRANSCEND Media Service, 19 Sep 2016
PhD candidate Natasha Sarin and Prof. Lawrence H. Summers, from Harvard, challenge a widely-held belief that major financial institutions in the USA and around the world are safer today than they were prior to the 2008 Recession. They find no evidence that markets regard banks as safer today than they were before the crisis, despite large decreases in leverage. In fact, measures of volatility and beta appear to be higher post-crisis than they were pre-crisis.→ read full article