
Where did money originate from? Were government Covid-19 policies effective? What do banks actually do? In this episode of the Marginal Babble Podcast Max sits down with Dr Lukas Altermatt out of the University of Essex to discuss the banking industry and how it has changed over time. Dr Lukas Altermatt: https://www.essex.ac.uk/people/alter16801/lukas-altermatt References: 1) Bank runs, deposit insurance, and liquidity, by Diamond, D W, & Dybvig, P H, 1983 https://www.jstor.org/stable/1837095 2) Financial intermediation and delegated monitoring, by Diamond, D W, 1984 https://www.researchgate.net/publication/4782653_Financial_Intermediation_and_Delegated_Monitor 3) Home Price to Income Ratio (US & UK), by longtermtrends.net https://www.longtermtrends.net/home-price-median-annual-income-ratio/ 4) Median annual earnings for full-time employees in the United Kingdom from 1999 to 2022, by Statista, 2022 https://www.statista.com/statistics/1002964/average-full-time-annual-earnings-in-the-uk/ 5) United Kingdom Interest Rate, by tradingeconomics.com https://tradingeconomics.com/united-kingdom/interest-rate 6) Value of quantitative easing measures by the Bank of England (BoE) in the United Kingdom from November 2009 to November 2020, by Statista https://www.statista.com/statistics/1105570/value-of-quantitative-easing-by-the-bank-of-england-in-the-united-kingdom/ 7) Economic modelling of forced saving during the coronavirus (COVID-19) pandemic, Office for National Statistics, 2022 https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/articles/economicmodellingofforcedsavingduringthecoronaviruscovid19pandemic/2022-06-06 8) Russia, China may be preparing new gold-backed currency, but expert assures US dollar 'safest' currency today, By Fox Business, 2022 https://www.foxbusiness.com/economy/russia-china-may-be-preparing-new-gold-backed-currency-expert-assures-us-dollar-safest-currency-today Further Reading: The laureates explained the central role of banks in financial crises https://www.nobelprize.org/uploads/2022/10/popular-economicsciencesprize2022-2.pdf On the Instability of Banking and Other Financial Intermediation https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3599252 Socials: Tiktok: https://www.tiktok.com/@maxwelldorey?lang=en Instagram: https://www.instagram.com/maxdorey96/ Twitter: https://twitter.com/MaxDorey1 LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/