Macro Musings with David Beckworth cover image

Kate Judge and Peter Conti-Brown on the Lessons Learned from the 2023 Banking Panic

Macro Musings with David Beckworth

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The Role of Bank Supervision in the Stress Test

A big part of the story is the rapid change in macroeconomic policy. The basic architecture of bank supervision is that it's a residual category. It catches all of the risk in the system, he says. All of these individuals own what happened at Silicon Valley because bank supervision is their deed of title, so to speak.

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