Financial System

Created
Mon, 15/05/2023 - 10:11
Fifteen years after the Lehman Brothers collapse and following the failures of Silicon Valley Bank, First Republic Bank, Signature Bank, as well as the forced acquisition of Credit Suisse, banks are back in the headlines. Daniel Beunza and Pierre-Christian Fink assembled an excellent panel of sociologists and social scientists, studying banks, regulation and finance, to […]
Created
Wed, 15/03/2023 - 16:37

The lockdowns and the stimulus required to keep the economy alive helped drive inflation. Then the Fed jacked up interest rates. And all hell broke loose. On Friday March 10th, 2023, Silicon Valley Bank (SVB) died of Covid. Alright, it’s a little more complicated than that, but Covid lockdowns followed by massive government stimulus were a critical – and massively under-acknowledged – factor in propelling the bank’s demise. At the heart of the crisis is the gigantic pile of low-interest […]

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