Josh Ryan-Collins is Associate Professor in Finance and Economics at the UCL Institute for Innovation and public purpose.

May 10, 2023


Two-Price Economy

Minsky, First Republic Bank, and the paradox of contemporary monetary policy

The crisis affecting US and some European banks shows little sign of abatement. Following the collapse of Silicon Valley Bank earlier in the year, First Republic last week became the latest mid-size US bank to be bought up by a…