The third episode of Financial Statements, yesterday (July 7), was a discussion of the mid-March turbulence in the US Treasuries market. I hosted Anil Kashyap of Chicago Booth (also member of the Bank of England's Financial Policy Committee) and Peter Fisher of the Tuck School at Dartmouth. We went into a fair degree of detail on an episode that raises big questions about the role of public authorities in times of market volatility.
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