Commercial banks and the financial market crisis of 2007/2008

Season 1 Episode 1  ·  Jun 30, 2008, 03:47 PM
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Charles Wyplosz interviewed by Romesh Vaitilingam, 30 June 2008
Charles Wyplosz talks to Romesh Vaitilingam about the freezing of the interbank market as the commercial banks went from high-risk strategies to extreme caution, without taking any responsibility for their crucial role in the operations of the market and the wider economy.