This paper examines the spillover effects of bankruptcy by important tech industry banks-Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank-on the top 10 institutions in the MSCI Bank Index and the role that monetary policy by the US Federal Reserve (the Fed) played in this...

Money rules the world. But the importance of money is far greater than conventional economic theory and its heroic equations suggest. People have invented their own forms of currency, they have used money in ways that baffle market theorists, they have incorporated money into friendship and...

L'argent dirige le monde. L'importance de l'argent est toutefois bien plus grande que ne le laissent entendre la théorie économique conventionnelle et ses équations héroïques. Les gens ont inventé leurs propres formes de monnaie, ils ont utilisé l'argent d'une manière qui laisse les...