This two-day conference synthesizes the new ideas that have emerged over the past decade but also considers questions that have yet to be addressed. Some of the salient questions we will explore include:
- Do the benefits of private debt booms outweigh the costs?
- Where do credit supply shocks come from, and what are their effects?
- What’s driving excessive risk taking in credit booms, and why is risk mispriced?
- Is there evidence for over-optimism of borrowers and lenders?