Beverly Hirtle and Matthew C. Plosser Bank failures and distress can be costly to the economy, causing losses to creditors and reducing…
Category:
ECONOMY
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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…
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Natalia Emanuel, Pim Welle, and Valentin Bolotnyy Every state in the country has a law permitting involuntary hospitalization if a person presents…
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Tomas Jankauskas, Ugo Albertazzi, Lorenzo Burlon, and Nicola Pavanini After the Great Financial Crisis, the European Central Bank (ECB) extended its monetary…
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Stein Berre and Asani Sarkar The term “exorbitant privilege” emerged in the 1960s to describe the advantages derived by the U.S. economy…
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Michael J. Fleming, Jonathan Palash-Mizner, and Or Shachar In a 2024 post, we showed that interdealer trading in benchmark U.S. Treasury notes…