Type: Public event

Domesticating foreign finance


Jeremy Kress, Assistant Professor of Business Law, University of Michigan Ross School of Business

Date & time

Sep 10, 2020, 12:00 pm EDT


This is a Virtual Event.

More than a decade after the 2008 financial crisis, U.S. policymakers still have not adequately addressed one of the primary causes of the crash: foreign banks. When foreign banks first entered the United States in the mid-twentieth century, they provided much-needed credit to U.S. borrowers. Over time, however, foreign banks shifted away from their traditional lending focus to a riskier, capital markets-oriented strategy. This business model—fueled by volatile short-term debt—created vulnerabilities for the U.S.

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