Comments on Reforming the Financial Sector

Phelps, Edmund S.

The crucial task starting now, in 2009, before it is too late, will be to restructure, or reconfigure, the financial sector so that it becomes less of a conduit for mortgage lending for residential and commercial construction – and more a set of well-functioning institutions with the expertise to make lending decisions for business investment and business innovation.


More About This Work

Academic Units
Center on Capitalism and Society
Center on Capitalism and Society, Columbia University
Center on Capitalism and Society Working Papers, 35
Published Here
September 22, 2017


Presented at the 6th Annual Conference of the Center for Capitalism and Society: Emerging from the Financial Crisis, held at Columbia University on February 20, 2009.