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Interchange – Professor Andreas Hauskrecht on the Economic Crisis

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Host Colin Allen interviews Andreas Hauskrecht, associate professor of Business Economics and Public Policy in Indiana University’s Kelley School of Business. Hauskrecht is a specialist on international monetary systems and banking, and he directs a multi-partner project for the German Ministry for Economic Cooperation which advises the communist government of Vietnam in reforming its banking system. The show’s discussion ranges over the origins and causes of the current financial crisis in the United States and worldwide, the rationale for and failures of the financial derivatives markets, the policy and oversight decisions facing the new U.S. government, and the challenges facing economies such as Vietnam that are making the transition from central planning to market economies, as well as those facing the incoming U.S. administration which faces a pressing need to do something about health care and social security.

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