Capital Locast - Episode 1

02/24/20 • 20 min

Raghuram Rajan – former Chief Economist at the International Monetary Fund, former Governor of the Reserve Bank of India and currently Professor of Finance at University of Chicago Booth School of Business. Professor Rajan is author of The Third Pillar: How the State and Markets are leaving Communities Behind, 2019. He was one of the few leading economists to forecast the 2008 financial crisis. We talk to Professor Rajan about the crucial role of local governments in national development and how capital markets can open up to local government finance. We touch upon national markets and also the international financial architecture and how it can be made more friendly to local government finance.

Producers: Nan Zhang, Fernando Zarauz, Carlos Macias

Producers: Nan Zhang, Fernando Zarauz, Carlos Macias

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Capital Locast - Episode 2

Gillian Tett – US Managing Editor and member of Editorial Board at the Financial Times, author of Fool's Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe, 2009 about the highly leveraged financial instruments traded prior to 2008. Gillian analyses the anthropology of decision making and stresses the importance of avoiding group think in business and in economics. Gillian’s recent book is The Silo Effect: The Peril of Expertise and the Promise of Breaking Down Barriers, 2015. We talk to Gillian about why, despite their potential to accelerate development, local governments are often ignored by global and national decision makers when formulating economic development policy.