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The Fed's role in the bank failures

Raghuram G. Rajan and Viral V. Acharya
Raghuram G. Rajan and Viral V. Acharya • 5 min read
The Fed's role in the bank failures
As it re-examines bank behaviour and supervision, the US Federal Reserve cannot afford to ignore the role that its monetary policies played in creating today’s difficult conditions / Photo: Bloomberg
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