Digital Bank Holidays: Buying Time in a Financial Emergency

Authors

Hilary J. Allen, American University Washington College of LawFollow

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

Repository Citation

Hilary J. Allen, Digital Bank Holidays: Buying Time in a Financial Emergency, The CLS Blue Sky Blog (2024).
Available at: https://digitalcommons.wcl.american.edu/pub_disc_media/573