Debt Talks Episode 2: Debt, Wealth, and Racial Inequalities

moderated by Moritz Schularick with Mehrsa Baradaran, Ashley C. Harrington, Darrick Hamilton and Louise Seamster

Sep 15, 2020 | 12:00 – 13:00 Download .ics

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Racial inequalities of wealth and income are pervasive. This episode of Debt Talks will feature a conversation with four prominent experts on the persistence of racial inequalities of wealth and income and the role of financial markets in shaping them.

Debt Talks is an INET webinar series that brings together diverse voices to discuss one of the most pressing economic issue of our times: the surge in indebtedness. We host prominent thinkers, policy-makers, and scholars from different backgrounds and countries to present and debate their views. Each installment features a lively panel presentation followed by Q&A. INET Fellow Moritz Schularick moderates the events.

The world economy entered the COVID-19 pandemic with record debt levels. Since the global financial crisis, private and public debts have grown to more than $250 trillion, about three times global GDP. With the current crisis, global debt will surge even further. This has deep implications for the way our economies, societies, and politics work. In this series we explore what’s driving this increase in debt, and is indebtedness still manageable, or do we need a debt jubilee? Can households and companies cope with the overhang of debt? And what are the implications for growth, equity, and financial stability?

For this installment, we will focus a conversation on Debt, Wealth, and Racial Inequalities.

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Speakers

Meet the leaders and scholars whose new thinking guides our work. View all speakers

  • Mehrsa Baradaran

    Associate Dean & Professor of Law, University of California, Irvine

  • Ashley Harrington

    Federal Advocacy Director & Senior Counsel, Center for Responsible Lending

  • Darrick Hamilton

    Associate Professor of Economics and Urban Policy, The New School

  • Louise Seamster

    Assistant Professor of African American Studies & Sociology and Criminology , University of Iowa

  • Moritz Schularick

    Professor of Economics, University of Bonn

    Research Department, Federal Reserve Bank of New York