Beware of bullish bankers

Anjan Thakor sends a warning to the banking industry in an article published on the website, The Conversation.  

Thakor_2_dec2010Prof. Thakor draws on his research into the conditions and causes of the last two major financial crises to suggest that we may be heading in the same direction, again.

His research reveals that the longer a lending boom lasts, the more trouble it foreshadows. Thakor’s latest research paper, “Lending Booms, Smart Bankers and Financial Crises,” will be published in the American Economic Review 2015.

Read Thakor’s article on The Conversation here. The site is “a pilot project [launched] in October 2014. It is an independent source of news and views from the academic and research community, delivered direct to the public.”

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