Understanding Bank Crises and Contagion

In "Understanding Bank Crises and Contagion," author and lecturer Kathleen Day explores the complexities behind bank failures and the resulting economic repercussions. Through six enlightening lectures, she examines historical crises in the U.S., from the Great Depression to the recent collapse of Silicon Valley Bank, while detailing government responses and regulatory attempts to prevent such disasters. By uncovering the shared characteristics of these financial failures, Day delves into the ongoing challenges of risk management and accountability in the banking sector, prompting a critical reflection on the repeated nature of these crises.