May 15, 2023
Credit crunches due to bank distress can undermine economic growth. There is evidence of tighter credit and lower demand for loans in the recent bank turmoil.
March 19, 2023
While a broader fallout from the the collapse of Silicon Valley Bank and Signature Bank seems to have been averted, questions remain about banks’ risk-taking, and the adequacy of regulation.
September 8, 2019
Corporate debt in the U.S. stands at or near all-time highs. It is important to pay attention not just to the amount of debt but also to its composition.
April 12, 2018
The Dodd-Frank financial reform imposed stricter oversight on the institutions that pose a risk of harmful spillovers to the broader economy. Financial regulation involves a tradeoff between enhancing safety and stability — and limiting the costs and burdens imposed on institutions and the economy as a whole.