Nobel Research From 40 Years Ago Shines a Light on 2023’s Financial Crises

Published on March 30, 2023

Responses to the failure of Silicon Valley Bank and Credit Suisse show policymakers have further to go to fully learn the lessons of 2022 Laureates’ findings on preventing bank failures that fuel economic crises. Phil Thornton and Lindau Alumnus Alexander Gruber assess the situation on our blog: 

“Policymakers must do a much better job at implementing valuable research findings from last year’s Nobel Laureates and fellow academics going forward. Only then can we build a stable and productive banking system, which creates enormous long-term economic benefits for all of us.”