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Perspectives on the Banking Turmoil of 2023

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Abstract

The banking turmoil of March 2023 was a significant incident in the U.S. financial system that threatened to create a general macroeconomic problem. There were multiple factors at play that explain what happened. In this article, I discuss some of those factors in detail to gain a more complete understanding of why and how the turmoil happened and the way policy addressed it.

Suggested Citation

  • Huberto M. Ennis, 2023. "Perspectives on the Banking Turmoil of 2023," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 23(35), October.
    • Handle: RePEc:fip:fedreb:97170
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    File URL: https://www.richmondfed.org/publications/research/economic_brief/2023/eb_23-35
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