The puzzling pervasiveness of dysfunctional banking
March 21, 2014

Calomiris talks to Romesh Vaitilingam about how politics inevitably intrudes into bank regulation and why banking systems are unstable in some countries but not in others. Calomiris also presents his analysis of the political and banking history of the UK and how the well-being of banking systems depends on complex bargains and coalitions between politicians, bankers and other stakeholders. The interview was recorded in London in February 2014.