This was a wide-ranging discussion that I was fortunate enough to moderate at the most recent Milken conference.

I’m told that this post on cross-border deleveraging, combined with some previous work on asset managers, was the inspiration for it. In any case it was a pleasure to discuss everything from capital controls to passive investing and, of course, market liquidity with David Hunt, Jim McCaughan, Hilda Ochoa-Brillembourg, Ronald O’Hanley, and Nouriel Roubini.

Related link:
It’s the cross-border deleveraging, stupid! – Bloomberg