News in Systemic Risk: Tuesday, September 12, 2023 (10:00 a.m. ET) September 12, 2023 The Importance of Sound Monetary Policy: Some Lessons for Today from Canada’s Experience with Floating Exchange Rates Since 1950 (Michael D. Bordo, Pierre Siklos; National Bureau of Economic Research) Banks Load Up on $1.2 Trillion in Risky ‘Hot’ Deposits (Gina Heeb; Wall Street Journal) No Signs of Soft Landing on Bloomberg’s Trade Tracker (Claire Jiao, Michelle Jamrisko, Chloe Whiteaker, Cedric Sam; Bloomberg) Barr says Fed will not issue CBDC without legislation (Central Banking) Lebanon’s central bank meltdown is a cautionary tale of financial engineering running amok (Patrick Honohan; Peterson Institute for International Economics) Related Stories Fed Official Michael Barr Provides an Inside Look at Crisis Response High School Students Visit Yale SOM for Introduction to Careers in Business and Economics Visiting Yale, Treasury Secretary Janet Yellen Hails Program on Financial Stability
