Silicon Valley Bank collapse

[ad_1] Turning a popular aphorism on its head was a ploy by the professors to enliven a technical discussion. Turning a popular aphorism on its head was a ploy by the professors to enliven a technical discussion.Banking regulators said Sunday evening that depositors at Silicon Valley Bank, which was shuttered Friday, would have access to their funds Monday, putting to rest fears that startups would struggle to pay their employees this week. The bank's closure had followed interest rate hikes that hurt its startup customers and a failed capital raise attempt, spurring deposit withdrawals. Despite the palpable relief, questions still remained about the funding environment for startups, which had come to rely on Silicon Valley Bank for support to back unproven businesses that larger banks...

[ad_1] When the world's second-largest stablecoin got caught up in the collapse of a California bank late last week, it reprised the now-famous maxim of Nobuhiro Kiyotaki and John Moore. “Evil,” the economists had claimed in a 2001 lecture, later made available as a paper of the same title, “is the root of all money.”Turning a popular aphorism on its head was a ploy by the professors to enliven a technical discussion. “Evil is a strong word,” they wrote. “You may find the moral category too severe for something as mild as breaking a promise. In which case, you may want to change the title to ‘Distrust Is the Root of All Money.' But that wouldn't have quite the same ring.” Events last week showed that Kiyotaki-Moore may have been right, not just in their analysis but also in their hyper...

Tag: Silicon Valley Bank collapse

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