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Gresham College: Prof Jagjit Chadha – Blueprint For Brexit Britain: #4/6 – The Structure of Finance

02/03/2019

About the series

The prospect of leaving the EU has forced the UK to debate its economic future. The government will have to address long term problems such as productivity, savings and investment, the housing market, the structure of finance, regional policies and infrastructure.

About the lecture

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?

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