Faculty News
Professor Kim Schoenholtz's co-authored blog post on the 10th anniversary of the financial crisis is referenced
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![Financial Times logo Financial Times logo](/sites/default/files/styles/480w/public/assets/images/uat_025699.jpg?itok=2o6pCI5L)
Excerpt from the Financial Times -- "As Stephen Cecchetti and Kermit Schoenholtz nicely show, BNP’s halting of redemptions was followed by an immediate tightening of lending between financial institutions. Below is their graph of the Libor-OIS spread, which measures the difference between the rate at which big banks reported to be lending to one another over a measure of the safest market interest rate."
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