Private debt and the next financial crisis – Financial instability series

Raul Elizalde, President of Path Financial LLC, and Heikki Hiilamo, Professor of Social Policy at the University of Helsinki, join Pierre Ortlieb, economist at OMFIF, to talk about private debt and its implications for financial stability. As the volume of household and particularly corporate debt reaches unprecedented levels, the conversation explores how we got here and whether this development might once again trigger the kind of meltdown the global financial system experienced in 2008.

Music: https://www.bensound.com/royalty-free-music