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3min chapter
Emil Verner on Banking Crises, Credit Booms, and the Rise of Populism
Macro Musings with David Beckworth
Unpacking the Diamond-Dybvig Narrative in Banking Crises
This chapter critiques the simplistic view of deposit panic as the main cause of banking failures, highlighting the deeper issues, such as poor lending practices and excessive risk-taking by banks. It calls for a more nuanced understanding of the factors that contribute to bank crises.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode