
Apollo's Brilliant Chief Economist, Torsten Slok, Holds Forth
Economics Matters with Laurence Kotlikoff
Banking System Vulnerabilities and Risks
The chapter explores the fragility of the banking sector, discussing the potential insolvency of traditional banks, risks associated with uninsured deposits, and the delicate balance between trust and economic instability. It emphasizes deposit stability dynamics, the impact of technology on fund transfers, and the increasing reliance on online banking. The conversation highlights vulnerabilities, regulatory challenges, and the need for stable funding sources to address risks of bank runs and funding instability.
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