Rod Garratt and Michael Junho Lee Following the recent passage of legislation in the U.S., payment stablecoins seem to be on the…
Category:
ECONOMY
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Nicola Cetorelli and Saketh Prazad In a previous post, we documented how, over the past five decades, the typical U.S. bank has…
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Richard Crump, Keshav Dogra, and Dennis Kongoli A 2012 Liberty Street Economics post noted that U.S. monetary policy exhibits a surprising degree…
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Michael J. Fleming In 2025, the Federal Reserve has cut interest rates, trade policy has shifted abruptly, and economic policy uncertainty has…
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Beverly Hirtle and Matthew C. Plosser Bank failures and distress can be costly to the economy, causing losses to creditors and reducing…
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Matteo Crosignani, Thomas Eisenbach, and Fulvia Fringuellotti As in previous years, we provide in this post an update on the vulnerability of…
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Natalia Fischl-Lanzoni, Martin Hiti, and Asani Sarkar The bank run that started in March 2023 in the U.S. occurred at an unusually…
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ECONOMY
Calming the Panic: Investor Risk Perceptions and the Fed’s Emergency Lending during the 2023 Bank Run
Asani Sarkar, Martin Hiti, and Natalia Fischl-Lanzoni In a companion post, we showed that during the bank run of spring 2023 investors…
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Stephan Luck Digital currencies have grown rapidly in recent years. In July 2025, Congress passed the “Guiding and Establishing National Innovation for…
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Davide Melcangi and Gizem Kosar Uncertainty is a key component of everyday economic decisions of consumers and, perhaps not surprisingly, it plays…