The Fed and Lehman Brothers: setting the record straight on a financial disaster

Hosted by Department of Economics and Centre for Macroeconomics

Old Theatre, Old Building


Laurence Ball

Laurence Ball

Professor of Economics and Department Chair at Johns Hopkins University


Ricardo Reis

Ricardo Reis

A W Phillips Professor of Economics at LSE

Why didn’t the Federal Reserve rescue Lehman Brothers?

This lecture will debunk the explanation given by Fed officials–lack of legal authority–and explore the real reasons for the decision to let Lehman fail. 

Laurence Ball is Professor of Economics and Department Chair at Johns Hopkins University. He is also a Research Associate at the National Bureau of Economic Research and a consultant for the International Monetary Fund.

Ricardo Reis is the A W Phillips Professor of Economics at the London School of Economics. He is a consultant to central banks around the world, and is former the chief editor of the Journal of Monetary Economics.

The Department of Economics at LSE is one of the largest economics departments in the world. Its size ensures that all areas of economics are strongly represented in both research and teaching.

The Centre For Macroeconomics brings together world-class experts to carry out pioneering research on the global economic crisis and to help design policies that alleviate it.

Twitter hashtag for this event: #LSEBall

Twitter and Facebook

You can get immediate notification on the availability of an event podcast by following LSE public lectures and events on Twitter, which will also inform you about the posting of transcripts and videos, the announcement of new events and other important event updates. Event updates and other information about what's happening at LSE can be found on LSE's Facebook page.


WIFI Access

From time to time there are changes to event details so we strongly recommend checking back on this listing on the day of the event if you plan to attend.

Whilst we are hosting this listing, LSE Events does not take responsibility for the running and administration of this event. While we take responsible measures to ensure that accurate information is given here (for instance by checking that the room has been booked) this event is ultimately the responsibility of the organisation presenting the event.