type here...

Monetary Policy

Commentary

The Banking Risks of Central Bank Digital Currencies

Vibhu Vikramaditya
The implementation of central bank digital currencies as the primary medium of exchange would exacerbate the flaws of our current fiat system which encourage banks to overextend credit and create liabilities that they cannot redeem. This will worsen the already recurring cycles of financial crises, writes Vibhu Vikramaditya.
Monetary Policy

Resolving the Banking Crisis

Peter DeMarzo
Following up their recent analysis of risk in the banking system, DeMarzo, Jiang, Krishnamurthy, Matvos, Piskorski and Seru argue that banks should be required...
Commentary

How To Really Fix Banking

Laurence Kotlikoff
Laurence Kotlikoff and Rick Miller argue that banking as we know it is dying. It’s time to arrange a smooth transition to limited purpose...
Commentary

A Directorship at a Federal Reserve Bank is Good News for Banks, but May be Bad News for the Fed

Renée Adams
Far before the collapse of SVB, I provided systematic evidence that banks appear to benefit from their directorships on Federal Reserve Banks. The fact...
Monetary Policy

The Fed and Bank Failures

Raghuram Rajan
Viral Acharya and Raghuram Rajan explain how quantitative easing contributed to the problems underlying the recent bank failures such as that of Silicon Valley...
Monetary Policy

How Many Banks Are at Risk of Insolvency Right Now?

Amit Seru
Given the recent banking turmoil and failure of SVB and Signature and issues in First Republic, it is important to understand the risk to...
Commentary

Nobel Laureate Douglas Diamond on How the Fed Could Have Prevented SVB’s Collapse

Brooke Fox
Nobel Laureate and bank run expert Douglas Diamond argues that the Fed’s choice to signal long-term low interest rates, and then suddenly reverse course...
Monetary Policy

Central Bankers Face Potential Conflict of Interest When Writing About QE Policies

Elisabeth Kempf
As Quantitative Easing makes a return during the global Covid-19 pandemic, its effectiveness has once again come under intense debate in both academic and...
12Page 2 of 2

Latest news

View All

The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.