21min chapter

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

Understanding Bank Failures: Solvency vs. Panic

This chapter explores an extensive dataset detailing the historical characteristics and failures of over 38,000 banks in the US. It highlights key factors that lead to bank failures, stressing that underlying solvency issues often precede crises rather than liquidity crises. The discussion contrasts previous narratives about bank runs, emphasizing the importance of understanding fundamental financial weaknesses in the context of recent banking failures and historical banking crises.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode