Faculty News
In a co-authored op-ed, Professor Thomas Philippon discusses his research on banking stress tests
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Excerpt from The Conversation -- "In our work, we show that governments with deeper pockets are able to offer more comprehensive deposit insurance programs and are therefore more willing to undertake and disclose informative stress tests. In contrast, fiscally constrained governments cannot afford to guarantee as many deposits and will therefore not risk disclosing detailed information that could cause bank runs."
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