Macro Musings with David Beckworth cover image

Emil Verner on Banking Crises, Credit Booms, and the Rise of Populism

Macro Musings with David Beckworth

CHAPTER

Generational Insights on Banking Crises

This chapter examines the differing formative experiences of generations through the lens of macroeconomics, focusing on banking crises like the Great Recession and the pandemic. It discusses the systemic implications of bank failures, the distinctions between liquidity and solvency issues, and the historical performance of banking systems in the U.S. and Canada. The chapter highlights the role of banks in economic intermediation, their impact on societal outcomes, and the necessary regulatory responses to ensure financial stability.

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