When banks go bust: the four factors at play – trust, confidence, contagion and systemic risk: Shutterstock Banks are in the news again. Two bank failures in the US, and the forced takeover of Credit Suisse by UBS in Switzerland, have triggered the worst turmoil in the banking sector since the 2008 financial crisis. There’s …
FTX contagion will be ugly within crypto, but probably less damaging to the wider world: Former FTX billionaire Sam Bankman-Fried Dan Matt, CC BY-SA Crypto assets are infamous for being highly speculative and volatile, but it is their “debt problems” that have once again made headlines. Since November 2021, the total value of cryptocurrencies has …
Nobel economics prize: insights into financial contagion changed how central banks react during a crisis: Left to right: Ben Bernanke, Douglas Diamond and Philip Dybvig. The Nobel Foundation This year’s Nobel prize in economics, known as the Sveriges Riksbank Prize in Economic Sciences, has gone to Douglas Diamond, Philip Dybvig and former Federal Reserve Chair …
Boris Johnson’s leadership: the moral contagion can only be stopped with his resignation: UK Government What is the difference between taking responsibility and bearing responsibility? The former is what the prime minister, Boris Johnson, keeps telling us he is doing. But the latter is what Sue Gray says senior figures at the heart of government …
South Africa in the news: US, WHO push China for data from early days of contagion: WASHINGTON – The United States and a WHO expert demanded more data from Beijing on Saturday about the origins of the coronavirus pandemic, after a WHO mission to China struggled to make headway.: “South Africa” – BingNews Surging virus …
South Africa in the news: Coronavirus Preventive Measures Expected To Limit Spread Of Flu Contagion: Data show historically low rates of influenza coming out of southern hemisphere countries such as Australia, Chile and South Africa, which are coming out of winter when flu is most likely to spread.: “South Africa” – BingNews Brumbies ready to …