Jörg Rocholl What Are the Transmission Channels in a Financial Crisis?
European School of Management and Technology (ESMT)Berlin, Germany
ESMT Berlin was founded by 25 leading global companies and institutions. The international business school offers a full-time MBA, an executive MBA, a master's in management, as well as open enrollment and customized executive education programs. ESMT focuses on three main topics: leadership, innovation, and analytics. ESMT faculty publishes in top academic journals. Additionally, the business school provides an interdisciplinary platform for discourse between politics, business, and academia. It is based in Berlin, Germany, with a branch office in Shanghai, China. ESMT is a private business school with the right to grant PhDs and is accredited by the German state, AACSB, AMBA, EQUIS, and FIBAA. www.esmt.org
In the 2008 financial crisis, problems originating in the U.S. banking sector had effects not only on other parts of the U.S. economy but also internationally. In this video, JÖRG ROCHOLL sets out to identify the transmission channels through which such problems spread. Focusing, in the first instance, on how the 2008 crisis affected German banks, Rocholl observes that German corporate and retail customers saw their borrowing opportunities curtailed in cases where their bank was heavily invested in US markets. Highlighting several other transmission channels which allow financial difficulties to spread, Rocholl presents important recommendations on how the widespread effects of such shocks can be limited in the future.
LT Video Publication DOI: https://doi.org/10.21036/LTPUB10705
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