Video: Safety, Liquidity, and Crises (ERC Grant)
Dmitry Kuvshinov is conducting the first systematic study of how safe assets and liquidity contribute to crises and macro-financial risk, using new long-run data for many countries.
U-Shaped Monetary Policy Increases the Risk of a Banking Crisis
With year-on-year inflation rates reaching 10% in 2022, central banks in Europe and the United States started raising monetary policy rates to ensure price stability. The failure of Silicon Valley Bank (SVB) on March 10, 2023, however, laid bare the financial stability risks from hiking interest rates after a prolonged period of rate cuts. For…
