Summary of Overheating in Credit Markets
Board of Governors of the Federal Reserve System © 2013
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Jeremy C. Stein, a member of the US Federal Reserve Board of Governors, discusses the warning signs of overheating in credit markets. Readers will see why The New York Times calls him the Fed’s “bubble cop.” Stein advocates policies that safeguard the integrity of credit markets but acknowledges that the Fed’s corrective action tools are not infallible. getAbstract recommends his incisive analysis to academics, policy makers and financial services professionals who seek insight on how to identify and handle credit market booms.
In this summary, you will learn
- What signs indicate that credit markets may overheat,
- What asset classes are surging now, and
- What policies and tools the Federal Reserve can use to regulate credit markets effectively.
About the Author
Prior to his 2012 appointment to the Fed’s Board of Governors, Jeremy C. Stein was an economics professor at Harvard and a senior adviser to the Obama administration.