2023 Banking Turmoil

Latest ProMarket pieces:

Stop Blaming Short Sellers for the Banking Crisis
Defer Bank Management’s Compensation for Times of Crisis
Resolving the Banking Crisis
Changing Accounting Rules for Banks can Incentivize Better Risk Mitigation
Gambling for Resurrection: How U.S. Banks Hedged Interest Rate Risk During 2022 Monetary Tightening
How Do We Avoid the Next SVB?
Destabilizing Digital “Bank Walks”
Nobel Laureate Douglas Diamond on How the Fed Could Have Prevented SVB’s Collapse
The Fed and Bank Failures
How Many Banks Are at Risk of Insolvency Right Now?
Resolving the Banking Crisis
A Directorship at a Federal Reserve Bank is Good News for Banks, but May be Bad News for the Fed
Letters that Matter: How Interest Groups Shape Financial Legislation

Background on the role of the Federal Reserve

In Search of the Monetary Standard
Central Bankers Face Potential Conflict of Interest When Writing About QE Policies

Background on bank crises

Resisting Regulatory Capture in the 1857 Financial Crisis
Explaining the Rationale for the 2022 Nobel Prize in Economics