Understanding the Recent Financial Market Turmoil

Professors Cochrane, Kashyap and Rajan discuss the dislocations in credit markets and offer their views on what has been happening and what policy makers can do.

The Myron Scholes Global Markets Forum is generously sponsored by Myron Scholes and is cosponsored with The Chicago Council on Global Affairs . The Initiative also receives financial support from the Chicago Mercantile Exchange Trust (CME) and our corporate partners: AQR Capital Management , Barclays Bank PLC , and Northern Trust Corporation ..