Zoltan Pozsar of Credit Suisse and Perry Mehrling of the Frederick S. Pardee School of Global Studies explain how the "plumbing of the financial system" is coming under strain like never before. This podcast gives a great insight into how the money system works.
The three central points made are that the "supply chain is a payment chain in reverse", how the Fed has alleviated much of the dollar shortage stress through quick issuance of swaps and how the "post-crisis" future may look like.
Three suggestions for everyone who benefits from background information on some of the topics touched upon in the podcast:
Go to: The Historic Crisis Of Financial Market Plumbing