Central Questions EP. 3: Where Is the Next Financial Crisis Hiding? Banks, Shadow Banking, and Green Finance

In this episode of Central Questions, former RiksbankGovernor Stefan Ingves speaks with Professor Mariassunta Giannetti of the Stockholm School of Economics and Swedish House of Finance about where financial fragility sits today.

They discuss why crises keep recurring, how regulation canpush risk outside the banking system, whether negative interest rates actually worked, what bond funds and private credit mean for financial stability, and why green finance may need regulation rather than market incentives alone.

Topics: financial crises, Basel III, shadow banking, non-bank financial intermediaries, private credit, bond funds, negative interest rates, quantitative easing, bank liquidity, trade credit, sustainability, and climate finance.

Guest: Mariassunta Giannetti, Researcher at the Swedish House of Finance and Professor of Finance at the Stockholm School of Economics

Host: Stefan Ingves, former Governor of the Riksbank and Senior Fellow at Swedish House of Finance