03/21/23, The Indicator (08:53)
Link: https://www.npr.org/2023/03/21/1165002188/what-banks-do-when-no-ones-watching
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.
audioecon 