The role of the Federal Reserve has transformed in the past decade, as it has deployed trillions of dollars to boost the U.S. economy while expanding its regulatory oversight of the nation’s financial system.
Sebastian Mallaby, the Paul A. Volcker senior fellow for international economics at CFR and a contributing columnist for the Washington Post, joins James M. Lindsay to discuss the collapsing currency valuations in places like Turkey, Argentina, and South Africa.
The financial meltdown that started with the bursting of the U.S. housing bubble had worldwide economic repercussions, including recessions, far-reaching regulations, and deep-seated political discontent. Track its buildup and aftermath.
Adam Tooze, the Shelby Cullom Davis chair of history at Columbia University and director of the European Institute, joins James M. Lindsay to discuss how the 2008 financial crisis affected the world in the years that followed.
Turkey has some similarities with the Asian crisis countries back in the 1990s, but also important differences. When emerging-market crisis typologies are updated to reflect the events of 2018, Turkey should enter into the pantheon on its own, not just as a sub-category of “Asian-style” crises.