Digital Bank Holidays: Buying Time in a Financial Emergency
Document Type
Article
Publication Date
3-27-2024
Abstract
It has been a year since Silicon Valley Bank failed, and one of the major policy questions that emerged – what to do about deposit insurance? – remains unresolved. Banking is an industry that needs public confidence to function, and we have become accustomed to relying on confidence-inspiring deposit insurance as our primary bulwark against bank runs. But deposit insurance (at least in its current form) seems less like a silver bullet in the wake of SVB’s failure.
Source Publication
The CLS Blue Sky Blog
Recommended Citation
Allen, Hilary J., "Digital Bank Holidays: Buying Time in a Financial Emergency" (2024). Popular Media. 573.
https://digitalcommons.wcl.american.edu/pub_disc_media/573
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