On Monday 15 February Paramount Pictures hosted a private screening of the movie "The Big Short" at the Picturehouse Central cinema.

Prof. Tim Besley and Prof. Richard Layard joined a panel discussion afterwards with the Movie's Director, Adam McKay and Cinematographer, Barry Ackroyd, with the Financial Times' Martin Wolf chairing.

They discussed the central themes of the movie; the events leading up to the US subprime mortgage crisis and the implosion of the global economy in 2008, and looked at the international fallout that resulted and the likelihood of it happening again on such a scale. Finally, the panel also addressed what could be done to prevent it happening again; do we need to go back to the tough banking regulations of the 1960s and 70s or is it time to look at a non-profit approach to the banking sector?

Paramount's Photos from the event:

Related Links

Visit Richard Layard's web page
View a selection of CEP's research on the Financial Crisis

Visit The Big Short Website
Visit Paramount Pictures UK website