What banks do when no one’s watching

03/21/23, The Indicator (08:53)

Link: https://www.npr.org/2023/03/21/1165002188/what-banks-do-when-no-ones-watching

Teaching Ideas

Summary: More on banking! Specifically more about a crucial job in the economy’s financial regulation ecosystem– the bank examiner. We hear about a “natural experiment” that shows that, in the absence of bank examiners, banks basically acted liked kids throwing spitballs in a classroom without a teacher! We also hear that we will likely face a shortage of bank examiners in the future. Uh oh! Inspired by this fact, our teaching idea is a career-exploration exercise created by Prof. Natalia Smirnova. Students use the rich BLS data to explore their own futures.

Posted March 22, 2023 by ishanitewari in Finance, Labor market economics, THE INDICATOR

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