
Using basic Economics to understand current policy issues.
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Time has passed and the dust has settled, at least a bit, on the Silicon Valley Bank experience. There are important lessons to be drawn from this bank run alone and the policy response.
This post reflects my joint work with Hubert Kempf...
It seems like the debt ceiling is going to be a hot topic for the next months. From what I read, this is a political battle with big economic consequences. I thought it was important enough to write a paper about but then realized that ther...
Here is key phrase of the FDIC press release from March 10, 2023 concerning the closing of Silicon Valley Bank (SVB):
“ …Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds.”
Than...
A friend of mine passed along an article entitled “Capital is up for Scrutiny at Top Business Schools”.1 I started to write a post about the, let’s call it “the Elected curriculum”, seeping into business schools and evidently into medical a...
Bank runs are again a topic of conversation.1 Two events, probably unrelated, have brought this issue to the forefront of public discussion. First, the Nobel Prize in Economics for 2022 was shared by Douglas Diamond and Philip Dybvig (with...
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The writers behind this newsletter.
I am Professor of Economics at the European University Institute. I have researched a variety of topics in Economics.
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