Do Blanket Deposit Guarantees for "Non-Systemic" Banks Make Sense?
The Potential Role of Social Media in Distorting Incentives
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On Sunday night, March 12, the U.S. Treasury announced that beginning on March 13, 2023 depositors of Silicon Valley Bank (SVB) and Signature Bank would receive the full amount of their deposits, not only the $250.000 insured by the FDIC. The joint decision by the Treasury, the Fed, and the FDIC amounts to a what is ca…
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