Monetary Matters to discuss his work at the IMF on the potential risks to the

global financial system that the growth of private credit may pose. They also

discuss the affects that tariffs will have not just on the economy but the

functioning of the financial system.
Learn more about the Anderson Institute: https://www.andersen.com/

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Timestamps:

00:00 Intro

00:48 A Regulator's View of Private Credit

12:58 Private Credit Replacing the Banking System

15:46 New Types of Private Credit Investors

19:34 Private Credit Liquidity

24:11 Private Credit Leverage

29:00 Geographical Regulatory Risks

30:23 Is Private Credit Investment Grade?

36:01 Private Capital's Entry to the Insurance Business

41:49 Derivatives in Private Credit and Collateralized Fund Obligations

45:44 Economic and Financial Implications of Tariffs

01:01:53 The Risk of Foreigners Selling US Assets

01:09:53 Taiwan Life Insurance Markets

01:12:37 Does Trump Want a Weaker Dollar?

01:15:37 Lack of Consumption Ex-US

01:20:29 The Anderson Institute