News in Systemic Risk: Thursday, August 7, 2025 (9:45 a.m. ET) August 7, 2025 Trump’s tariffs and the emerging market economies (Steve Kamin; CentralBanking.com) Trump’s Tariffs Take Effect in Fresh Test for Global Economy (Catherine Lucey; Bloomberg) UK crypto investors hail regulatory changes as ‘pivotal moment’ (Steve Johnson; Financial Times) Market whiplash after the 2025 tariff shock: an event-targeted VAR approach (Gabor Pinter, Frank Smets and Semih Üslü; BIS) Related Stories Yale Program on Financial Stability Presents Financial Crisis-Fighting Playbook 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
