Video: Carmen Reinhart on Debt Overhang and More
Next in our series of video interviews from the Institute for New Economic Thinking conference: Carmen Reinhart, fellow at the Peterson Institute for International Economics and co-author of "This Time Is Different: Eight Centuries of Financial Folly." Reinhart
Two years after efforts to repair the post-crisis financial system began in earnest, David Brancaccio asks her how we're doing, and what still needs fixing.
Reinhart addresses debt overhang, a situation when debt is so large it essentially acts as a deterrent to future investments, as well as unemployment, and Too Big To Fail.
MORE VIDEOS IN THIS INTERVIEW SERIES:
VIDEO: Dealing with Too Big To Fail banks with Simon Johnson, professor of entrepreneurship, global economics and management at MIT and co-author of "13 Bankers: The Wall Street Takeover and the Next Financial Meltdown." Watch now.
VIDEO:The internal contradictions of our post-crisis policies with Niall Ferguson, financial historian and author of "The Ascent of Money" and "Civilization: The West and the Rest," to be published in the U.S. this fall. Watch now.
VIDEO: Fixing the world economy with Jean-Paul Fitoussi, an economist at the Institut d'Etudes Politiques de Paris, and part of the Stiglitz-Sen-Fitoussi commission that French President Nicolas Sarkozy asked to study moving beyond GDP. Watch now.
VIDEO: G-Zero, derivatives and fixing the economy with George Soros, chair of Soros Fund Management LLC and the founder of the Open Society Institute.