Securitization, shadow banking & financial fragility

Jeremy C. Stein, a Fellow of the American Academy since 2008, is the Moise Y. Safra Professor of Economics at Harvard University. His recent publications include “Rethinking Capital Regulation” (with Anil Kashyap and Raghuram Rajan) in Maintaining Stability in a Changing Financial System (2008) and “A Gap-Filling Theory of Corporate Debt Maturity Choice” (with Robin Greenwood and Samuel Hanson), Journal of Finance (2010).