The Structure of Finance - Jagjit Chadha

0:00 // Introduction & Lecture Overview 2:59 // Winston Churchill 5:56 // Savings schedule 11:26 // Household problem 19:13 // Asymmetric Information 28:00 // Bank Balance Sheet 35:53 // Bank Markup 38:58 // Stock of Lending 40:21 // Relative Productivity 42:47 // Lack of Investment 43:57 // Labour Productivity 44:52 // Financial Sector Productivity 46:26 // Measuring Financial Sector Output 47:47 // Research Development Expenditure 49:40 // Financial Sector 50:41 // Economics Issues 52:50 // Development Bank In the traditional model of finance, households saved and firms borrowed through financial intermediaries. Those financial intermediaries might be banks or pension funds but the experience of intermediation in the UK does not encourage the thought that long term finance can easily be located. Do we need a Development Bank? The transcript and downloadable versions of the lecture are available from the Gresham College website: https://www.gresham.ac.uk/lectures-an... This event was on Thu, 15 Mar 2018 Jagjit Chadha was the Mercers’ School Memorial Professor of Commerce at Gresham College from 2014-2018. Gresham College has offered free public lectures for over 400 years, thanks to the generosity of our supporters. There are currently over 2,500 lectures free to access. We believe that everyone should have the opportunity to learn from some of the greatest minds. To support Gresham's mission, please consider making a donation: https://gresham.ac.uk/support/ Website: https://gresham.ac.uk Twitter:   / greshamcollege   Facebook:   / greshamcollege   Instagram:   / greshamcollege