Look Who it Was Random video

The Structure of Finance - Jagjit Chadha

2,001 views · Published 20 March 2018 · 57:24 · Indexed 23 September 2026

Channel: Gresham College · 2018 · Education

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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-and-events/the-structure-of-finance

This event was on Thu, 15 Mar 2018

Jagjit Chadha was the Mercers’ School Memorial Professor of Commerce at Gresham College from 2014-2018.

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